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Ritter Longerbane buys a $100,000 91-days T-Bill for a price of 98,543. Calculate the simple interest rate that Ritter will realize if he keeps the

Ritter Longerbane buys a $100,000 91-days T-Bill for a price of 98,543. Calculate the simple interest rate that Ritter will realize if he keeps the T-Bill until maturity.

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