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1. An investor purchased a 91-day Treasury bill with a face value of $100,000.00 to yield 2.65%. a) What was the purchase price of the

1. An investor purchased a 91-day Treasury bill with a face value of $100,000.00 to yield 2.65%. a) What was the purchase price of the Treasury bill? (3 marks) b) How much interest will the investor make on this investment??

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