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Monetary Authority of Singapore ( MAS ) issued a 1 8 0 - day Treasury bill ( T - bill ) with face value of
Monetary Authority of Singapore MAS issued a day Treasury bill Tbill with face value of $ on December which is currently traded at $ in the market on March Assume the yield remains unchanged throughout the maturity YTM is flat and days a year. Required:
a Compute the YieldtoMaturity YTM and the price of Tbill on the issue date.Assume YTM is flat.
b lf the interest rate is expected to decrease, does day Tbill perform better or worse than
day Tbill assuming other things being constant? Discuss. Explain part b in detail please, since there are discrepancies between Chegg's and Chatgpt's answers. Thank you.
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