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A T-bill has a face value of $100,000. It has a maturity of 120 days and can be purchased at a discount rate of 2.35%.
A T-bill has a face value of $100,000. It has a maturity of 120 days and can be purchased at a discount rate of 2.35%.
- Whats the discount in dollars?
- Whats the purchase price?
- What is the T-bills money market yield (MMY)
- Whats the bond-equivalent yield (BEY)?
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