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Imagine there is a $100,000 T-bill that matures in 88 days. The T-bill has a discount yield of 5.685%. Ignoring fees or commissions, how much
Imagine there is a $100,000 T-bill that matures in 88 days. The T-bill has a discount yield of 5.685%. Ignoring fees or commissions, how much in dollars would I pay for this T-bill? (Answer in $ format xxxxx.xx, with no $ sign needed.)
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