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On April 1, $100,000.00364-day treasury bills were auctioned off to yield 2.54%. (a) What is the price of each $100,000.00 T-bill on April 1 ?

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On April 1, $100,000.00364-day treasury bills were auctioned off to yield 2.54%. (a) What is the price of each $100,000.00 T-bill on April 1 ? (b) What is the yield rate on August 24 if the market price is $97,782.30 ? (c) Calculate the market value of each $100,000.00 T-bill on October 2 if the rate of return on that date is 3.632%. (d) What is the rate of return realized if a $100,000.00 T-bill purchased on April 1 is sold on December 16 at a market rate of 2.905% ? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (a) The price is $ (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (b) The yield rate is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The market value is $ (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (d) The rate of return realized is %

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