A T-bill with face value of $10,000 and 87 days to maturity is selling at a bank
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Question:
A T-bill with face value of $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3.5%?
- What is the price of the bill?
- What is the bond equivalent yield?
- What is the effective annual yield?
Expert Answer:
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