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  3. 17) a treasury bill has 40 days left to maturity.

17) A Treasury bill has 40 days left to maturity. The bank discount yield on...

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17) A Treasury bill has 40 days left to maturity. The bank discount yield on the bill is 3.75 percent. What is the effective annual rate? A) 3. B) 3.66 percent C) 3.77 percent D) 3.88 percent E) 3.99 percent 55 percent 18) A $75,000 face value STRIPS is quoted at 95.100. What is the dollar price? A) $71,067.50 B) S71,150.00 C) $71,215.00 D) $71,277.78 E) $71,325.00

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