A T-bill with a face value of $100,000 will mature in 96 days. If the quoted discount yield on the T-bill is 2.03%, wha

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answerhappygod
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A T-bill with a face value of $100,000 will mature in 96 days. If the quoted discount yield on the T-bill is 2.03%, wha

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A T-bill with a face value of $100,000 will mature in 96
days. If the quoted discount yield on the T-bill is 2.03%,
what is the current price of the instrument? Round your final
answer to two decimal places (Ex. $0.00).
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