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Darren purchased $ 2 5 0 0 0 0 in 3 6 4 - day T - bills 3 1 5 days before maturity to

Darren purchased $250000 in 364-day T-bills 315 days before maturity to yield 2.86%. After holding it for 120 days, Darren sold the T-bill for a yield of 3.25%.
a. How much did Darren pay for the T-bills?
b. For how much did Darren sell the T-bills?
c. What rate of return (per annum) did Darren realize on the investment?

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