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Below is some information on the United States Department latest auction of 9 1 - day Treasury Bills. For Immediate Release February 1 2 ,
Below is some information on the United States Department latest auction of day Treasury Bills.
For Immediate Release
February
TREASURY AUCTION RESULTS
Term and Type of Security Day Bill
Price
Issue Date February
Maturity Date May
As you can see the price per $ face value was $
A Compute the bank discount yield.
B What was the bond equivalent couponissue yield on this instrument?
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