A t-bill with face value 10000 and 80 days to maturity is


A T-bill with face value $10,000 and 80 days to maturity is selling at a bank discount ask yield of 2.7%.

What is the price of the bill?

What is its bond equivalent yield?

 

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Finance Basics: A t-bill with face value 10000 and 80 days to maturity is
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