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4. Assume a 60-day T-bill, P = $9,700, face value is $10,000, (a) Calculate the bond equivalent yield? (b) Calculate the yield on a

4. Assume a 60-day T-bill, P = $9,700, face value is $10,000, (a) Calculate the bond equivalent yield? (b) Calculate the yield on a bank discount basis? (c) Calculate the effective annual rate (yield)? (a) (b) (c)

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