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QUESTION 3 A T-bill has 247 days to maturity. The T-bill par value is $1,000 and has an asked of 1.785%. What is the T-bill asked price in dollars? 988.10 QUESTION 4 A T-bill with 41 days to maturity has a $10,000 par value, a bid price of $9,995 and an asked price of $9,997. What is the asked yield? 0.2675 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Both answers are not correct so can you help me to solve them. Thank u
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Answer #1

3) T-bill asked price = {100 - [(247/360)*1.785]}*10 = 987.852

4) Asked yield => 9997 = {100- [(41/360)*X]}*100 = 0.2634

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