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1. Investor A holds a 3 month T-bill with 1000 par value. The required rate of return is 12%. What is the present value of

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1. Investor A holds a 3 month T-bill with 1000 par value. The required rate of return is 12%. What is the present value of this T-bill? and what is the T-bill discount? please show each step of calculation clearly or the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I S Paragraph 14px Arial jii v Ix T

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