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A U.S. Treasury bill is currently selling at a discount basis of 2.25%. The par value of the bill is $10,000, and will mature in
A U.S. Treasury bill is currently selling at a discount basis of 2.25%. The par value of the bill is $10,000, and will mature in 180 days. What is the price of this Treasury bill?
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
