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    Contemporary Financial Management Study Set 2
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    Exam 7: Fixed Income Securities: Characteristics and Valuation
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    A Treasury Bill with 182 Days to Maturity Is Quoted
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A Treasury Bill with 182 Days to Maturity Is Quoted

Question 41

Question 41

Multiple Choice

A Treasury bill with 182 days to maturity is quoted at 5.62 bid, 5.60 asked, and an asked yield of 5.84. How much would you pay for this security?


A) $9,440
B) $9,720
C) $9,708
D) $9,438

Correct Answer:

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