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QUESTION 7 - T BILL BANK DISCOUNT BASIS ( a ) If the offered price of a Treasury bill with 2 8 days to maturity

QUESTION

7 -

T BILL BANK DISCOUNT BASIS

(

)

If the offered price of a Treasury bill with

28

days to maturity and a $

150

million face amount is $

149, 516, 306,

what is the yield on a bank discount basis?

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