Teresa is looking at treasury bill data from, Financial Management

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Teresa is looking at treasury bill data from

Teresa is looking at Treasury bill data from yesterday’s Wall Street Journal. She observes an “ask” discount yield of 6.58%, on T-bills with 124 days left to maturity.

A) What would the bond equivalent yield have been, based on the asked prices? (Put your answer to the nearest cent)

B) What would the bond equivalent yield have been, based on the asked price that you calculated in part A.

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