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On April 1, $10,000.00364-day treasury bills were auctioned off to yield 2.35%. (a) What is the price of each $10,000.00 T-bill on April 1? (b)

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On April 1, $10,000.00364-day treasury bills were auctioned off to yield 2.35%. (a) What is the price of each $10,000.00 T-bill on April 1? (b) What is the yield rate on August 4 if the market price is $9,805.52 ? (c) Calculate the market value of each $10,000.00 T-bill on September 15 if the rate of return on that date is 2.663%. (d) What is the rate of return realized if a $10,000.00 T-bill purchased on April 1 is sold on December 6 at a market rate of 3.533% ? On April 1, $10,000.00364-day treasury bills were auctioned off to yield 2.35%. (a) What is the price of each $10,000.00 T-bill on April 1? (b) What is the yield rate on August 4 if the market price is $9,805.52 ? (c) Calculate the market value of each $10,000.00 T-bill on September 15 if the rate of return on that date is 2.663%. (d) What is the rate of return realized if a $10,000.00 T-bill purchased on April 1 is sold on December 6 at a market rate of 3.533%

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