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A T-bill with face value $10,000 and 87 days to maturity has a discount of par of 99 1/32.

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Question

A T-bill with face value $10,000 and 87 days to maturity has a discount of par of 99 1/32. What is the price of the T-bill? What is the T-Bill's bond equivalent yield?

 

Paper#29284 | Written in 18-Jul-2015

Price : $27
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