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Assume you have $1 million Cash and are trying to choose among three securities to...

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Finance

Assume you have $1 million Cash and are trying to choose among three securities to invest. All are default free fixed income securities.

a. Security A is a Treasury bill with 180 days to maturity with face value of $1,000. It is traded at the price $960 per share.

What is the bank discount yield and bond equivalent yield for security A?

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