The most recently issued 4-week T-Bill is quoted at a discount of 1.91. a. What is...

The most recently issued 4-week T-Bill is quoted at a discount of 1.91.

a. What is the price of this T-Bill?

b. What is the bond-equivalent yield? Assume 4 weeks is 30 days, and the par value is $10,000. Express your answers rounded to two decimal places.

Expert Solution

jeff jeffy answered 2 weeks ago

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