Question: Answer both parts concerning these two distinct Treasury bills. a. What is the price of a U.S. Treasury bill with 70 days to maturity quoted
Answer both parts concerning these two distinct Treasury bills. a. What is the price of a U.S. Treasury bill with 70 days to maturity quoted at a discount yield of 1.40 percent? Assume a $1 million face value. (Enter your answer in dollars, not in millions.) Treasury bill price 39 b. A U.S. Treasury bill with 77 days to maturity is quoted at a discount yield of 2,50 percent. Assume a $1 million face value. What is the bond equivalent yield? (Do not round Intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) Bond Equivalent Yield %
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