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3. You can purchase a Treasury bill that is 95 days from maturity for $9,965. The Treasury bill has a face value of $10,000. a.
3. You can purchase a Treasury bill that is 95 days from maturity for $9,965. The Treasury bill has a face value of $10,000. a. Calculate the Treasury bill's quoted discount yield b. Calculate the Treasury bill's bond equivalent yield c. Calculate the Treasury bill's EAR 4. What is the discount yield, bond equivalent yield, and effective annual return on a $5 million commercial paper issue that currently sells at 98.625 percent of its face value and is 136 days from maturity
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