Question: You would like to purchase a T- bill that has a $ 10,000 face value and 270 days to maturity. The current price of the

You would like to purchase a T- bill that has a $ 10,000 face value and 270 days to maturity. The current price of the T- bill is $ 9,860. What is the discount rate on this security? What is its bond equivalent yield?

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