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On April 1, $25,000.00 364-day treasury bills were auctioned off to yield 1.95% (a) What is the price of each $25,000.00 T-bill on April 1?
On April 1, $25,000.00 364-day treasury bills were auctioned off to yield 1.95% (a) What is the price of each $25,000.00 T-bill on April 1? (b) What is the yield rate on July 19 if the market price is $24.475.40? (c) Calculate the market value of each $25,000.00 T-bill on September 23 if the rate of return on that date is 3.21%. (d) What is the rate of return realized if a $25,000.00 T-bill purchased on April 1 is sold on November 4 at a market rate of 2.175%
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