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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
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?
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Foundations Of Finance
Authors: Arthur J Keown, John D Martin, J William Petty
7th Edition
0133370356, 9780133370355
