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Use the following information to work problems 23-26: A T-bill maturing in 52 days has a bid yield of 3.51% and an ask yield of
Use the following information to work problems 23-26: A T-bill maturing in 52 days has a bid yield of 3.51% and an ask yield of 3.47%. The maturity value of this security is $100,000. 23.) Compute the bid price of this security. 24.) Compute the ask price of this security. 25.) What is the bond equivalent yield using the ask price? 26.) What is the effective annual rate using the ask price
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