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3. If the 91-day Canadian T Bill has yield of 0.15%. The face value is $100. What is the annual yield? What is the yield

3. If the 91-day Canadian T Bill has yield of 0.15%. The face value is $100. What is the annual yield? What is the yield in 91 days? What is the price to buy the T Bill? (3 marks with 1 mark for each question)

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