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Question 2 (13 marks) (a) The ask discount rate on a particular money market instrument is 3.75%. The face value is $200,000 and it matures

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Question 2 (13 marks) (a) The ask discount rate on a particular money market instrument is 3.75%. The face value is $200,000 and it matures in 51 days. What is its current price? What would be the current price if it had 71 days to maturity? (5 marks) (b) What would be your ask discount rate % and bond equivalent rate % on the purchase of a 182-day Treasury bill for $4,925 that pays $5,000 at maturity? (8 marks)

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