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If a $7,000 face T-bill has a 2.75 percent asking quote and a 80-day maturity, what is the price of the T-bill to the nearest

If a $7,000 face T-bill has a 2.75 percent asking quote and a 80-day maturity, what is the price of the T-bill to the nearest dollar? Please show your work.

b. What happens to the price as the asking quote increases to 4 percent? Please explain the relationship between asking quote and the price of the T-bill

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