CFA Level I sample question

CFA Level I 8. Yield and Yield Spread Measures for Floating-Rate Instruments question

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8. Yield and Yield Spread Measures for Floating-Rate Instruments sample question

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8. Yield and Yield Spread Measures for Floating-Rate Instruments

A 180-day Treasury bill with face value USD1,000,000 is quoted on a 360-day bank discount basis at 3.60%. The purchase price is closest to:

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