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The most recently issued 4 week T-Bill is quoted at a discount of 1.91. a. What is the price of this T-Bill? b. What is
The most recently issued 4 week T-Bill is quoted at a discount of 1.91.
a. What is the price of this T-Bill?
b. What is the bond-equivalent yield?
Assume 4 weeks is 30 days, and the par value is $10,000. Express your answers rounded to two decimal places.
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