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3. (10 pts) The following Treasury bill quotation is posted on the Wall Street Journal. a) If a 90-day T-bill has a face value of

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3. (10 pts) The following Treasury bill quotation is posted on the Wall Street Journal. a) If a 90-day T-bill has a face value of $10,000, how much does an investor pay to purchase the bill? b) What is investor's bond equivalent yield? urity Days to Maturity 90 - BidH Asked 2.358 2.378

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