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8 . ( Time Value of Money ) Answer the following questions, please show work for each item. ( a ) ( 4 points )
Time Value of Money Answer the following questions, please show work for each item.
a points Suppose you borrow $ at per annum interest rate, compounded daily, to be paid back one year from today. Calculate how much you would need to pay back.
b points Your trading desk is purchasing a month $ face value Treasury bill at per annum yield. Calculate the price of this Treasury bill.
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