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A treasury bill with 90-day maturity sells at a bank

A Treasury bill with 90-day maturity sells at a bank discount yield of 3%. Assume the par value is 10,000.

(a) What is the price of the bill?

(b) What is the 90-day holding period return of the bill?

(d) What is the effective annual yield of the bill?

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Finance Basics: A treasury bill with 90-day maturity sells at a bank

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Finance Basics: A treasury bill with 90-day maturity sells at a bank

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