Question: In Problem 9, What is the bond equivalent yield? Data From Problem 9 How much would you pay for a U.S. Treasury bill with 112

In Problem 9, What is the bond equivalent yield?

Data From Problem 9

How much would you pay for a U.S. Treasury bill with 112 days to maturity quoted at a discount yield of 2.18 percent? Assume a $1 million face value.

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