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Assume that we have a T-bill with face value of 1000. The maturity date of this bill is sept.1oth. today is May.25th. Calculate the current

Assume that we have a T-bill with face value of 1000. The maturity date of this bill is sept.1oth. today is May.25th. Calculate the current price of this bill if the yearly rate of return rate on this bill is 8.84%. Assume 30/395 time convention. Current price should be:

a)975.21

b)less than 9751

c)more than 9753

d)no answers

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