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A 6-month $7000 treasury bill with discount rate 8.556% was sold in 2009. Find a. the price of the T-bill, and b. the actual interest
A 6-month $7000 treasury bill with discount rate 8.556% was sold in 2009. Find a. the price of the T-bill, and b. the actual interest rate paid by the Treasury a. The price of the T-bill is $___ (round to the nearest dollar as needed)
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