You have purchased a $100K T-bill 98 days prior to maturity for $99519. You have decided to

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You have purchased a $100K T-bill 98 days prior to maturity for $99519. You have decided to sell the T-bill 37 days later earning you a yield of 3.1% p.a from the purchase price. What did you sell the T-bill for?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders , Marcia Cornett

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Posted Date: Mar 18, 2022 05:00 AM

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You have purchased a $100K T-bill 98 days prior to maturity for $99519. You have decided to

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Cost price 99519 Time 9837 days 135 d... View the full answer

Financial Markets and Institutions

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