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Solve the problem. Assume a 360 day year. You purchase a 186-day, $1000 U.S. Treasury bill at 0.29% discount. On the date of maturity, you
Solve the problem. Assume a 360 day year.
You purchase a 186-day, $1000 U.S. Treasury bill at 0.29% discount. On the date of maturity, you will receive $1000. How much interest does the U.S. government pay to you on the date of maturity?
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