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    Bradley Purchased a 91-Day, $100 000 T-Bill on Its Issue
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Bradley Purchased a 91-Day, $100 000 T-Bill on Its Issue

Question 44

Question 44

Essay

Bradley purchased a 91-day, $100 000 T-bill on its issue date for $99 237.96. What was the original yield of the T-bill?

Correct Answer:

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S = 100,000.00; P = 99 237.96;...

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