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Question 1 Suppose that the price of a Treasury bill with 90 days to maturity and a $1 million face value is $980,000. (a) What

Question 1 Suppose that the price of a Treasury bill with 90 days to maturity and a $1 million face value is $980,000. (a) What is the yield on a bank discount basis? (b) Why is the yield on a bank discount basis not a meaningful measure of the return from holding a Treasury bill

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