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2. Government of Manitoba 364-day T-bills with a face value of $1 000 000 were purchased on April 7 for $971 578. The T-bills were
2. Government of Manitoba 364-day T-bills with a face value of $1 000 000 were purchased on April 7 for $971 578. The T-bills were sold on May 16 for $983 500. a) What was the market yield rate on April 7? b) What was the yield rate on May 16
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