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3. A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3.4%. (LO 2-1) a.

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3. A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3.4%. (LO 2-1) a. What is the price of the bill? 99/7.83 b. What is its bond equivalent yield? (10p)r=PL1P6Z1(n365). 4. De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at

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