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Assume a $1 million Treasury Bill futures contract with an index price of 98.20 (and a yield on a bank discount basis of 1.80%), the

Assume a $1 million Treasury Bill futures contract with an index price of 98.20 (and a yield on a bank discount basis of 1.80%), the dollar discount for the 13-week Treasury bill to be delivered with 91 days to maturity.Calculate theD

= Dollar discount, which is equal to the difference between the face value and the price of a bill maturing in t days.

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$4,228

$4,550

$4,585

$4,710

$5,710

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