There is a Treasury bill with a face value of $1million that matures in 45 days. Its
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Question:
There is a Treasury bill with a face value of $1million that matures in 45 days. Its quoted price is .012.
A. What is its price in dollars and cents (remember that the face value is $1million)?
B. What is its BEY? (show as a percentage and carry out to four decimal places - i.e. 1.2345%)
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