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A 3 - month $ 2 4 , 0 0 0 treasury bill with a simple annual discount rate of 0 . 2 2 %
A month $ treasury bill with a simple annual discount rate of was sold in
Assume days in a year.
a Find the price of the treasury bill Tbill
b Find the actual interest rate paid by the Treasury.
a The price of the Tbill was $
Round to the nearest cent as needed.
b The actual interest rate paid by the Treasury is
Type an integer or decimal rounded to five decimal places as needed.
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