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4. A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yicld of 3.4%. a. What is

4. A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yicld of 3.4%. a. What is the price of the bill? b. What is its bond equivalent yield? ( 10p)

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