Question: End - of - Chapter Problems 2 3 in Chapter 2 ( Pasted as follows ) A T - bill with face value $ 1

End-of-Chapter Problems 23 in Chapter 2(Pasted as follows)
A T-bill with face value $10,000 and 87 days to maturity is selling at a bank discount ask yield of 3.4%.
a. What is the price of the bill?
b. What is its bond equivalent yield?
End-of-Chapter Problems 23 in Chapter 2(Pasted as follows) A T-bill with

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