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On April 1, $100,000.00 364-day treasury bills were auctioned off to yield 2.01% (a) What is the price of each $100,000.00 T-bill on April 1?
On April 1, $100,000.00 364-day treasury bills were auctioned off to yield 2.01% (a) What is the price of each $100,000.00 T-bill on April 1? (b) What is the yield rate on July 8 if the market price is $98,056 28? (c) Calculate the market value of each $100,000.00 T-bill on September 9 if the rate of return on that date is 2 347%. (d) What is the rate of return realized if a $100,000.00 T-bill purchased on April 1 is sold on December 8 at a market rate of 2.365%? (a) The price is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) mi
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