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Consider a U.S. Treasury Bill with 270 days to maturity. The face value is $100. If the annual yield is 3.3 percent, what is the
Consider a U.S. Treasury Bill with 270 days to maturity. The face value is $100. If the annual yield is 3.3 percent, what is the price? (Note: Treat 270 days as 9 months, or 9/12 of a year using a 360-day year.)
Instructions: Enter your response rounded to the nearest penny (two decimal places).
$
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