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1. The price of a 60-day U.S. Treasury Bill maturing for $1000 is $993.67. Find the effective annual interest rate. A 3.65% B 3.80% C

1. The price of a 60-day U.S. Treasury Bill maturing for $1000 is $993.67. Find the effective annual interest rate.

3.65%

3.80%

3.88%

3.94%

3.96%

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