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You observe the following quote for a T-bill with a face value of $10,000: Mar 5 20 140 1.88 1.87 +3.01 1.91 a. (5) Based

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You observe the following quote for a T-bill with a face value of $10,000: Mar 5 20 140 1.88 1.87 +3.01 1.91 a. (5) Based on this quote, how much would you pay to buy this T-bill from a dealer? Express your answer to 2 decimal places. b. (5) If interest rates do not change, at what price will you be able to sell the T-bill in 60 days? Express your answer to 2 decimal places. c. (5) Even though interest rates did not change, what are the two reasons why your answers to a. and b. are different? d. (5) Instead of selling the T-bill, you decide to hold it to maturity. What will your annualized HPR be? Express your answer to 2 decimal places. e. (5) Biefly define a T-bill and list some of its important features

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