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Q1 (This question covers one of Ch. 5topics) What is the discount yield, bond equivalent yield, and effective annual return on a $1 million Treasury

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Q1 (This question covers one of Ch. 5topics) What is the discount yield, bond equivalent yield, and effective annual return on a $1 million Treasury bill that currently sells at 97.375 percent of its face value and is 65 days from maturity? Q2 (This question covers one of Ch.6 topics) A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 4.5 percent yield to maturity and a similar risk corporate bond that offers a 6.45 percent yield. Which bond will give the client more profit after taxes

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