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Question 3 (4 points) If the face value of a T-bill is $10,000 and its purchase price is $9,600 and the bill has 90 days

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Question 3 (4 points) If the face value of a T-bill is $10,000 and its purchase price is $9,600 and the bill has 90 days left to maturity, the asked yield for the T-bill would be exactly 0.16 or 16%. True False Question 4 (4 points) If I can purchase a $1 million dollar Treasury note that is currently selling on at $993,750. The note has 65 days left to maturity. What is its EAR? 4.96% 3.58% approximately 3.46% approximately 3.93% exactly

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