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A T-bill with face value $87,000 and 21 days to maturity has a discount from par bid and ask of 4.6%

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A T-bill with face value $87,000 and 21 days to maturity has a discount from par bid and ask of 4.6%;and 4.4%, respectively. What is the price of the T-bill? What is the T-Bill's bond equivalent yield

 

Paper#29577 | Written in 18-Jul-2015

Price : $27
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