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A Treasury bill with 91 days to maturity and a face value of N$1 000 is issued at a discount yield of 7% per annum.
A Treasury bill with 91 days to maturity and a face value of N$1 000 is issued at a discount yield of 7% per annum. Calculate the issue price of the Treasury bill, to the nearest $0.01, assuming there are 365 days in the year
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