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A 3-month $29,000 treasury bill with a simple annual discount rate of 0.26% was sold in 2016. Assume 365 days in a year. (a)

A 3-month $29,000 treasury bill with a simple annual discount rate of 0.26% was sold in 2016. Assume 365 days in a year. (a) Find the price of the treasury bill (T-bill). (b) Find the actual interest rate paid by the Treasury. (a) The price of the T-bill was $ (Round to the nearest cent as needed.)

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