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Please show work- 1.A six-month (180 day) Treasury bill with a $20,000 face value is quoted at a discount of 0.80. a) What is the
Please show work-
1.A six-month (180 day) Treasury bill with a $20,000 face value is quoted at a discount of 0.80.
a) What is the implied price of the Treasury bill?
b) What is the implied rate of return that an investor can earn over the six months period?
thank you
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