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Business, 02.12.2021 05:10 ciralove2004
A portfolio manager plans to buy three-month T-bills with the total face value of $1,000,000 in one month. The current price for three-month T-bills is $988,520. What is the fair forward price if the current effective annual risk-free rate over one month is 4%
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A portfolio manager plans to buy three-month T-bills with the total face value of $1,000,000 in one...
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