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If you want to compare this a T-bill with a bond, you need to convert the Bank Discount Rate into a Bond Equivalent Yield. What
If you want to compare this a T-bill with a bond, you need to convert the Bank Discount Rate into a Bond Equivalent Yield. What is the Bond Equivalent Yield for a 295-day T-bill priced at \$9,500.00? Recall: - When using a Bond Equivalent Yield, you use simple interest rate, 365 days, and the price as the initial price
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