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Historically, Treasury bills offered higher rates. On January 2 , 2 0 0 7 , the discount rates were substantially higher than in July 2
Historically, Treasury bills offered higher rates. On January the discount rates were substantially higher than in July For the following Treasury bill bought in find a the price of the Treasury bill Tbill and b the actual interest rate paid by the Treasury. Assume days in a year.
Sixmonth $ Tbill with simple annual discount rate of
a The price of the Tbill was $
Round to the nearest cent as needed.
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