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1 1 - 2 0 . Assume that 3 - month Treasury bills totaling $ 1 2 billion were sold in $ 1 0 ,
Assume that month Treasury bills totaling $ billion were sold in $ denominations at a discount rate of In addition, hte Treasury Department sold month bils totaling $ billion at a discount rate of a What si the discount amount for month bills? b What si the discount amount for month bills? c What si the effective rate for month bills? d What is hte effective rate for month bills? Round ot the nearest hun
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