A an investor buys 1m face value of a new 91-day us t-bill, Ask an Expert

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A. An investor buys $1m face value of a new 91-day US T-Bill at a discount of 6.29%. What is the purchase price? B. The investor sells the bill 31 days later when discount rates have risen to 6.35%. What are the sale proceeds? C. What is the holding period return on a 360-day money-market yield basis? Answer (in percent, to two decimals):

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Financial Management, Finance

Category:- Financial Management
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