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A six-month (i.e., 182 days) Treasury bill with a face value of $100,000 was just issued at a price of $98,700. Based on this information.
A six-month (i.e., 182 days) Treasury bill with a face value of $100,000 was just issued at a price of $98,700. Based on this information. Calculate the dollar discount, MMY and BEY. Also, determine the discount rate at which the T-bill was offered.
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