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2. Consider the following two T-bills (both prices are for $10,000 face value)? (1) A 3-month bill selling at $9,901 (2) A 6-month bill selling

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2. Consider the following two T-bills (both prices are for $10,000 face value)? (1) A 3-month bill selling at $9,901 (2) A 6-month bill selling at $9,804 (a) Calculate the annual percentage rate (APR) for each T-bill above. (b) Which security offers a higher effective annual rate (EAR) and why

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