Question: Question 10 a) On June 14, when there was 100 days remaining in its term, Jason purchased a 180-day T-bill with a face value of
Question 10 a) On June 14, when there was 100 days remaining in its term, Jason purchased a 180-day T-bill with a face value of $20,000. The market yield at this time was 2.5%. What was the price that Jason paid for the T-bill? I b) Jason decided to sell the T-bill 45 days later when the market yield was 2% How much did he sell the T-bill for? How much was his profit or his loss
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