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Problem 15-8 Calculating the Purchase Price for a T-Bill (LO15-4] Calculate the purchase price for a 52-week, $1,000 Treasury bill with a stated interest rate

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Problem 15-8 Calculating the Purchase Price for a T-Bill (LO15-4] Calculate the purchase price for a 52-week, $1,000 Treasury bill with a stated interest rate of 1.55 percent. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Purchase price

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