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Suppose you could buy a 91 day t-bill at an ASK of 7.02 and a BID of 7.22
a. Find the bid price
b. Find the ask price
c. Find the ask yield
d. How much does that Market Maker per $1000 of Face Value of the T-Bill.
Please show all work.
A person plans to retire today and expects to begin living off $50,000 received annually beginning one year from now and continuing until death.
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