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Jake purchased a $50,000 92-day T-bill discounted to yield 1.34%. When he sold it 30 days later, yields had dropped to 1.28%. How much did

Jake purchased a $50,000 92-day T-bill discounted to yield 1.34%. When he sold it 30 days later, yields had dropped to 1.28%. How much did Jake earn? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

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