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Suppose you purchase a T-bill that is 75 days from maturity for $9,850. The T-bill has a face value of $10,000. a. Calculate the T-bill's

Suppose you purchase a T-bill that is 75 days from maturity for $9,850. The T-bill has a face value of $10,000.

a. Calculate the T-bill's quoted discount yield.

b. Calculate the T-bill's bond equivalent yield.

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