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2(a) A 91-day T-bill with a face value of $10,000 is purchased at a 5.6% ask rate, what is its price? (b) Calculate the bond

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2(a) A 91-day T-bill with a face value of $10,000 is purchased at a 5.6% "ask" rate, what is its price? (b) Calculate the bond equivalent yield for the T-bill

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