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Posted on May 18, 2024

A Treasury bill that settles on May 1 8 , 2 0 2 2 , pays $ 1 0 0 , 0 0 0 on

A Treasury bill that settles on May

18, 2022,

pays $

100, 000

on August

21, 2022 .

Assuming a discount rate of

5.23

percent, what are the price and bond equivalent yield? Use Excel to answer this question.

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