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Assume a $1,000 treasury bill is quoted to pay 8.5 annual percent interest over a six month period. A. How much interest would an investor

Assume a $1,000 treasury bill is quoted to pay 8.5 annual percent interest over a six month period.

A. How much interest would an investor receive?

B. What will be the price of the treasury bill?

C. What will be the true rate of return?

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