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If the bank discount rate on a 90-day T-Bill with par value of $10,000 is 6%, then: a. What is the price of the T-Bill?

If the bank discount rate on a 90-day T-Bill with par value of $10,000 is 6%, then:

a. What is the price of the T-Bill?

b. What is the bond equivalent yield?

c. What is the effective annual yield?

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