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Can I get the answers in formula and could you please show me the way. (No excel) Question#2: Suppose that you purchased a 22-week T-bill
Can I get the answers in formula and could you please show me the way. (No excel)
Question#2:
Suppose that you purchased a 22-week T-bill at $990 (the face value is $1,000). Now the asked bank discount rate on this T-bill is 0.06 and there are 36 days to maturity. What is the price of the T-bill now?
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