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What is the yield on a discount basis of a bill

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Reference no: EM133016519

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-What is the yield on a discount basis of a bill whose face value F is 1,000, price P is 975 and the number of calendar days remaining to maturity is 126? We assume that the year-basis is 360.

-What is the yield on a money-market basis of the same bill?

Reference no: EM133016519

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