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laiz [17]
3 years ago
13

The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid

by the treasury. round dollar amounts to the nearest cent and interest rates to the nearest thousandth. six-month $17,000 t-bill with discount rate 0.130%
Business
1 answer:
Triss [41]3 years ago
6 0

Answer:

(i) $2997.75

(ii) about 0.075%

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