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Question 1 A trader bought a $ 1 0 , 0 0 0 par T - bill that will mature in 3 2 4 days.
Question
A trader bought a $ par Tbill that will
mature in days. The Tbill has a bank
discount bid quote of and ask quote of
What is this Tbill's cost?
What is the return on this investment if the
trader hold the Tbill till its maturity?
What is the asked yield?
Extra: Please tell me what's the difference between The bank discount bid quote and ask quote?
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