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A 6 - month $ 1 0 , 5 0 0 treasury bill with a simple annual discount rate of 0 . 4 7 %
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.
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