On 01032002 an investor buys 1 million us t-bill with

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On 01/03/2002, an investor buys $1 million US T-Bill with maturity date 06/27/2002 and discount yield 1.76% on the settlement date.

1. What is the price of the T-Bill?

2. What is the equivalent money-market yield?

 

Reference no: EM13485657

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