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Please provide the correct answer a. If a $7,000 face T-bill has a 2.75 percent asking quote and a 80-day maturity, what is the price

Please provide the correct answer

a. If a $7,000 face T-bill has a 2.75 percent asking quote and a 80-day maturity, what is the price of the T-bill to the nearest dollar? Please show your work. b. What happens to the price as the asking quote increases to 4 percent? Please explain the relationship between asking quote and the price of the T-bill

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Solution The price of a Tbill can be calculated using the bank discount yield formula a Calculating ... blur-text-image

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