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Calculate the bank discount rate on each bill

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Question: U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturities:

a. $98.25, 182 days

b. $97.25, 270 days

c. $99.25, 91 days

Calculate the bank discount rate (DR) on each bill if it is held to maturity. What is the equivalent yield to maturity (sometimes called the bond-equivalent or coupon-equivalent yield) on each of these Treasury bills?

Reference no: EM131717572

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