Business, 21.02.2020 20:47 famouzgal

A T-bill with face value $10,000 and 77 days to maturity is selling at a bank discount ask yield of 2.4%.

a. What is the price of the bill? (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. What is its bond equivalent yield? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond equivalent yield %

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A T-bill with face value $10,000 and 77 days to maturity is selling at a bank discount ask yield of...

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