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Determine the fair value of a treasury bill that has a yield of 3.40% p.a. and a maturity of 270 days The face value of

Determine the fair value of a treasury bill that has a yield of 3.40% p.a. and a maturity of 270 days The face value of the bill is $100.00, and uses a 360-day basis for calculating interest. (Please round your answer to twn decimal nlaces) Answer: 97.51

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