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One year ago, the 91-day T-bill is quoted at 0.1 What is the price of this T-bill? Recall: The quote for a T-bill gives you

One year ago, the 91-day T-bill is quoted at 0.1

What is the price of this T-bill?

Recall:

The quote for a T-bill gives you the Bank Discount Rate. And it is a percentage.

When using a bank discount rate, you need to use simple interest rate, 360 days to maturity, and the nominal value as the initial price.

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