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You would like to purchase a T-bill that has a $13,500 face value and is 66 days from maturity. The current price of the T-bi

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Answer #1

Discount Yield = {(Par value - Current price)/ Par value} * (360/ 66)

Discount Yield = ((13500-13375)/13500)*(360/66)

Discount Yield = 5.05%

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