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A 6-month $18,500 treasury bill with a simple annual discount rate of 0.45% was sold in 2016. Assume 365 days in a year. (a) Find

A 6-month $18,500 treasury bill with a simple annual discount rate of 0.45% 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.

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