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A dealer purchases a US Treasury bill with 60 days to maturity at a quoted discount rate of 6% . The face value is $120,000.
A dealer purchases a US Treasury bill with 60 days to maturity at a quoted discount rate of 6% . The face value is $120,000. Pls calculate the settlement amount.
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
