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Suppose you purchase a T-bill maturing in 50 days which has a par value of $10,000 and a bank discount rate of 9.50%. What are
Suppose you purchase a T-bill maturing in 50 days which has a par value of $10,000 and a bank discount rate of 9.50%. What are the price and the bond equivalent yield of this T-bill? Also, what would be the annual percentage rate of return and the effective annual rate of return from this investment if you hold this T-bill until its maturity?
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