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NewBank decides to invest $ 4 5 million in 3 0 - day T - bills. The T - bills are currently trading at $

NewBank decides to invest $45 million in 30-day T-bills. The T-bills are currently trading at $4,986.70(including commissions) for a $5,000 face value instrument. How many do they purchase? What does the balance sheet look like?

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