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Question 2 of 7 Zachary purchased a 91-day T-bill with interest rate of 4.50% p.a. and a face value of $10,000. a. How much did
Question 2 of 7 Zachary purchased a 91-day T-bill with interest rate of 4.50% p.a. and a face value of $10,000. a. How much did Zachary pay for the T-bill? Round to the nearest cent b. After 32 days, Zachary sold the T-bill when the interest rate for this T-bill in the market increased to 4.75% p.a. What was the selling price? Round to the nearest cent
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