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Assume that 3-month Treasury bills totaling $29 billion were sold in $10,000 denominations at a discount rate of 6.100%. In addition, the Treasury Department sold
Assume that 3-month Treasury bills totaling $29 billion were sold in $10,000 denominations at a discount rate of 6.100%. In addition, the Treasury Department sold 6-month bills totaling $27 billion at a discount rate of 6.045%.
What is the discount amount for 3-month bills???
What is the discount amount for 6-month bills???
What is the effective rate for 3-month bills???
What is the effective rate for 6-month bills???
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