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A 90 day Commercial Bill with a Face Value of $50,000 was traded in the market 30 days after it was first issued.Current rates are:

A 90 day Commercial Bill with a Face Value of $50,000 was traded in the market 30 days after it was first issued.Current rates are:

30 days at 3.69%

60 days at 4.59%

90 days at 5.17%

What price was the bill traded at ? Calculate your answer to TWO DECIMAL PLACES ignoring the $ sign and cashflow direction.

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