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Problem 3...10 points You have placed an order with your Investment Broker for a $1,000, six month U.S. Treasury Bill. The annua Coupon Equivalent Yield
Problem 3...10 points You have placed an order with your Investment Broker for a $1,000, six month U.S. Treasury Bill. The annua "Coupon Equivalent Yield" is 14%. Required........ a) What should you pay for this USTB today (P.)? b) If the broker stated that your purchase price would be $941.18, in fact, what annual coupon equivalent yield would you actually he re
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