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Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Round effective interest

Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Round effective interest rate to the nearest hundredth of a percent. Face Discount Term Value Rate (%) (weeks) $60,000 4.60 26 $ Interest Purchase Price Effective Rate (%) %

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