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T-Bills. Consider a T-bill with 168 days to maturity and a bank discount rate of 4.38%. What is the (a) price of the bill, (b)

T-Bills. Consider a T-bill with 168 days to maturity and a bank discount rate of 4.38%. What is the (a) price of the bill, (b) BYE, (c) effective interest rate, and (d) tax-equivalent yields (assuming that the state tax rate is 6%)?

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