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A T - bill with face value of R 1 0 , 0 0 0 and 8 7 days to maturity is selling at a
A Tbill with face value of R and days to maturity is selling at a discount ask yield of
The spread on the Tbill is R
a What is the price of the bill?
b What is its bond equivalent yield?
c How much will the seller of the Tbill receive from the dealer?
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