Manage earnings when drawback is legitimate possibility

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1. Why might financial managers still be tempted to manage earnings when a drawback is a legitimate possibility? Explain your answers.

2. Suppose a Treasury bill quote is 4.03 Ask and 4.05 Bid. What would be the price that you could sell a $10,000 T-Bill with 89 days remaining until maturity?

Reference no: EM131623642

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