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What is the cd-equivalent yield

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Reference no: EM133111901

Suppose a 6-month Treasury bill is priced with a yield on a bank discount basis of 3.31%. The bill will mature in 181 days.

a. Assume the face value is $1,000, what is the bill's dollar price?

b. What is the CD-equivalent yield?

c. What is the Treasury bill's bond equivalent yield?

Reference no: EM133111901

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