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Given That the Quoted Yield for a 90-Day Dealer's Bill $98989 \$ 98 \quad 989

Question 17

Multiple Choice

Given that the quoted yield for a 90-day dealer's bill is 4.14%,what is the price of the bill,if it has a face value of $100 000?


A) $98989 \$ 98 \quad 989
B) $94771 \$ 94 \quad 771
C) $95372 \$ 95 \quad 372
D) $97938 \$ 97 \quad 938

Correct Answer:

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