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You bought a T-bill a few days ago. Now, you want to sell it. The price quotation for this T-Bill is below. Bid Price Ask

You bought a T-bill a few days ago. Now, you want to sell it. The price quotation for this T-Bill is below.

Bid Price Ask Price Days to Maturity

94.26 94.96 110 days

Calculate the simple and compounded yield of this T-bill when you sell it?

Explain briefly the relationship between Bill prices and yields

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