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1. a) What is the interest rate for a Treasury bill that pays $1,000 in one year if the price of the Treasury bill today

1. a) What is the interest rate for a Treasury bill that pays $1,000 in one year if the price of the Treasury bill today is 943?

b) What is the interest rate for the Treasury bill if its price is 917?

2, a) What is the price of a Treasury bill that pays $1,000 in one year if its interest rate is 10 percent?

b) What is the price of the Treasury bill if its interest rate is 8 percent?

c) For 10 percent interest rate:

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