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T-bill with face value $10,000 and 92 days to maturity is selling at a bank discount ask yield of 3.9%. What is the price of
T-bill with face value $10,000 and 92 days to maturity is selling at a bank discount ask yield of 3.9%. What is the price of the bill? And what is its bond equivalent yield?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
9th edition
78034698, 978-0077502287, 77502280, 978-0078034695
