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Assume that 3-month Treasury bills totaling $34 billion were sold in $10,000 denominations at a discount rate of 6.900%. In addition, the Treasury Department sold

Assume that 3-month Treasury bills totaling $34 billion were sold in $10,000 denominations at a discount rate of 6.900%. In addition, the Treasury Department sold 6-month bills totaling $32 billion at a discount rate of 6.845%.

a. What is the discount amount for 3-month bills?

b. What is the discount amount for 6-month bills?

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