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You buy $1 million face value 180-day t-bill at a discount yield of 6% a) What price would you pay for it? b) What is

You buy $1 million face value 180-day t-bill at a discount yield of 6%

a) What price would you pay for it?

b) What is the simple interest yield?

c) What is your holding period yield if you sell it after 60 days at a discount yield of 8%?

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