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suppose you purchased a 22-week T-Bill at $990 (the face value is $1000). Now the asked bank discount rate on this T-bill is .06 and
suppose you purchased a 22-week T-Bill at $990 (the face value is $1000). Now the asked bank discount rate on this T-bill is .06 and there are 36 days to maturity. What is the price of the T-bill now?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
4th Edition
0136026028, 9780136026020
