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A Treasury bill that settles on May 18, 2012, pays $100,000 on August 21, 2012. Assuming a discount rate of 4.08 percent, what is the

A Treasury bill that settles on May 18, 2012, pays $100,000 on August 21, 2012. Assuming a discount rate of 4.08 percent, what is the price and bond equivalent yield? Use Excel to answer this question.

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