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Barbara bought a 91-day T-bill that has an interest rate of 4.30% p.a. and a face value of $5,000. How much did she pay for

Barbara bought a 91-day T-bill that has an interest rate of 4.30% p.a. and a face value of $5,000.

  1. How much did she pay for the T-Bill?

  2. After 40 days, Barbara sold the T-bill to her friend when the interest rate for this T-bill in the market increased to 5.30% p.a. 

  3. What was her selling price?

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