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

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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