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A 203-day T-bill is quoted at 2.4%. What is the price of this T-bill? Recall: - The quote for a T-bill gives you the Bank

A 203-day T-bill is quoted at 2.4%. What is the price of this T-bill? Recall: - The quote for a T-bill gives you the Bank Discount Rate. And it is a percentage. - When using a bank discount rate, you need to use simple interest rate, 360 days to maturity, and the nominal value as the initial price

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