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A T-bill quote sheet has 90 day T-bill quotes with a 4.92 ask and a 4.86 bid. If the bill has a $10,000 face value
A T-bill quote sheet has 90 day T-bill quotes with a 4.92 ask and a 4.86 bid. If the bill has a $10,000 face value an investor could buy this bill for _____. Use 360 days in your calculation.
Please explain.
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