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A city buys a T-bill with a face value of $10,000 for $9,800. The bill matures in 91 days. What is the yield?
If a reportable condition might result in a material misstatement of financial statements, then it must be noted as a:
The principal advantage of a CIP (Capital improvement Program) is that______________, including their project designs, land acquisition, permitting, and acquiring financing.
Assume that the bank's monthly costs are $12,250, the 30-day Treasury bill rate is 10.4%, and the bank is subject to a 15% reserve requirement. What is the MCB (Minimum compensating balance)?
