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Please show clear and easy steps to solve. I'm very confused. 6 A T-bill with face value $10,000 and 80 days to maturity is selling
Please show clear and easy steps to solve. I'm very confused.
6 A T-bill with face value $10,000 and 80 days to maturity is selling at a bank discount ask yield of 2.7%. a. What is the price of the bill? (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) 1.25 points Price of the bill Skipped eBook Print b. What is its bond equivalent yield? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) References Bond equivalent yield %Step by Step Solution
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