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Q.1. Calculate the Annual Yield (Show full working, all steps); 1 Month Treasury Bill with a Maturity Value of $1,000,000 when you purchase it from

Q.1. Calculate the Annual Yield (Show full working, all steps);

  1. 1 Month Treasury Bill with a Maturity Value of $1,000,000 when you purchase it from the Tap at a Price of US$990,000 (2.5 Marks)

3 Month T-Bill with a maturity value of $5,000 when it is purchased in the secondary market for $4,990

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