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you just purchased a T-bill with a face value of $500,000, you paid $495,000 and there are 91 days to maturity. (a) what was the

you just purchased a T-bill with a face value of $500,000, you paid $495,000 and there are 91 days to maturity.

(a) what was the bond equivalent yield (BEY)?

(b) what is the effective annual yield (EAY) on your T-bill?

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