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You want to buy a T-bill that will pay $1,000,000 when it matures in 90 days. a ) If you want a discount yield of
You want to buy a T-bill that will pay $1,000,000 when it matures in 90 days. a ) If you want a discount yield of 5.0% on the T-bill, what should be the purchase price? b ) What is the bond equivalent yield for the T-bill? Show all calculations or calculator inputs.
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