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Posted on May 18, 2024

1 8 0 days ago you bought a bill with a $ 5 0 0 , 0 0 0 face value for a price of

180

days ago you bought a bill with a $

500, 000

face value for a price of $

491, 000 .

Today, the bill has

31

days before maturity and you sell it in the market when the yield is

8 % .

What was your sale price? Please write the answer in two decimal places.

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