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Javier wants to buy a $ 3 6 , 0 0 0 . 0 0 T - bill that matures on 2 0 1 6
Javier wants to buy a $ Tbill that matures on His target price is $ the annual simple interest rate is and the daycount convention is ACT What is the last date on which he can still buy the Tbill? How much does he pay?
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