Here's the problem: Assume the following information for a T-Bill quote and prove that the asked yield is actually 2.19%: There are 72 days to maturity, the bid rate is 2.16, and the asked rate is 2.15.
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Here's the problem: Assume the following information for a T-Bill quote and prove that the asked yield is actually 2.19%: There are 72 days to maturity, the bid rate is 2.16, and the asked rate is 2.15.
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