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Suppose investors can earn a return of 5.0% per 6 months on a Treasury note with 6 months remaining until maturity. The face value of
Suppose investors can earn a return of 5.0% per 6 months on a Treasury note with 6 months remaining until maturity. The face value of the T-bill is $10,000. What price would you expect a 6-month maturity Treasury bill to sell for? |
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