Assume you have $1 million Cash and are trying to choose among three securities to...
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Finance
Assume you have $1 million Cash and are trying to choose among three securities to invest. All are default free fixed income securities.
Security B is a U.S. Treasury bill with 90-day maturity and face value of $1,000 per share. It sells at a bond equivalent yield of 3%.
How many shares of security B you can buy with your $1 million cash?
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