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Q14 A Treasury bill has a bid yield of 2.95 and an ask yield of 2.93 . The bill matures in 161 days. Assume a

Q14

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A Treasury bill has a bid yield of 2.95 and an ask yield of 2.93 . The bill matures in 161 days. Assume a face value of $1,000. What is the least you could pay to acquire a bill? (Note: You may need to review material from an earlier chapter for the relevant formula.) (Do not round intermediate calculations. Round your answer to 3 decimal places.)

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