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Jake purchased a $25,000 100-day T-bill discounted to yield 1.23%. When he sold it 45 days later, yields had dropped to 1.17%. How much did
Jake purchased a $25,000 100-day T-bill discounted to yield 1.23%. When he sold it 45 days later, yields had dropped to 1.17%. How much did Jake earn?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
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