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1. A T-bill has an annual percentage rate (APR) of 1.92% based on the ask price. The maturity of the bill is 30 days. (a)

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1. A T-bill has an annual percentage rate (APR) of 1.92% based on the ask price. The maturity of the bill is 30 days. (a) Find the ask price (for $100 face value) of the T-bill. (b) If you wish to invest a par value (or face value) of $75,000, how much do you have to pay

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