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A one-year $1.000 - bill is issued at a prioe of $961.54 and offers a 4% yiold. What is the new price if the yield

A one-year $1.000 - bill is issued at a prioe of $961.54 and offers a 4% yiold. What is the new price if the yield decreases to 3% ? LO2 The new price is $970.87 The new price is $985.25. The new price is $958.78 The now price is $893.15

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