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Question 7 (1 point) The discount yield of a 3-month T-bill with a face value of $1,000 is 3.5%. What is its price? A: $987.35
Question 7 (1 point)
The discount yield of a 3-month T-bill with a face value of $1,000 is 3.5%. What is its price?
A: $987.35
B: $991.15
C: $995.29
D: $997.53
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