Find the bid and ask prices of the bill find the bond


A Treasury bill has a bank discount yield of 6.81% based on the ask price and 6.90% based on the bid price. The maturity of the bill (already accounting for skip-day settlement) is 45 days.

a) Find the bid and ask prices of the bill.

b) Find the bond equivalent yield based on the ask price.

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Financial Management: Find the bid and ask prices of the bill find the bond
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