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Calculate the following for a $ 1 0 , 0 0 0 , 1 % , 1 3 - week Treasury bill. Required: Using the

Calculate the following for a $

10, 000, 1 %, 13 -

week Treasury bill.

Required:

Using the above information please answer the following:

1 .

What is the discount amount?

2 .

How much will you pay for the treasury bill?

3 .

What is the effective rate?

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