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On 1/24/2023, you bought a $10,000 par T-bill that will mature in 254 days. The T-bill has a bank discount bid quote of 4.398% and
On 1/24/2023, you bought a $10,000 par T-bill that will mature in 254 days. The T-bill has a bank discount bid quote of 4.398% and ask quote of 4.388%. (1) What is this T-bill's cost ? (2) What is the return on this investment if you hold the T-bill till its maturity? (3) What is the asked yield?
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