Question
32. If a $10,000 par T-bill has a 5 percent discount quote and a 120-day maturity, what is the price of the T-bill to the
32. If a $10,000 par T-bill has a 5 percent discount quote and a 120-day maturity, what is the price of the T-bill to the nearest dollar? DON'T USE COMMA SEPARATORS
34. A $1,000 face value corporate bond with a 9.8 percent coupon (paid semiannually) has 5 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 8 percent. The firm recently became more financially stable and the rating agency is upgrading the bonds to A. The new appropriate discount rate will be 6 percent. What will be the change in the bonds price in dollars? Round your answers to zero decimal places.
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