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1.An investor intends to place Ksh 12,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65% p.a. What is his/her return, if

1.An investor intends to place Ksh 12,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65% p.a. What is his/her return, if s/he is withholding tax-payer or non-withholding taxpayer?


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