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T bills. The 91-day T bill has a yield of 0.5%. Suppose the face value is $100. What is the purchasing price? Keep 4 decimals.

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T bills. The 91-day T bill has a yield of 0.5%. Suppose the face value is $100. What is the purchasing price? Keep 4 decimals. 2 marks Bond Duration: What is the duration of a bond with 7% discount rate, 3-year maturity, and 10% coupon paid annually? 2 marks

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