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1. How much would you pay for a Treasury bill that matures in 182 days and pays $10,000 if you require a 1.8% discount rate?
1. How much would you pay for a Treasury bill that matures in 182 days and pays $10,000 if you require a 1.8% discount rate?
2. If the Treasury also received $750 million in non-competitive bids, who will receive T-bills, in what quantity, and at what price?
Please show work so that I can complete more problems like these. Thank you!
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