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Suppose investors can earn a return of 2 % per 6 months on a Treasury note with 6 months remaining until maturity. The face value
Suppose investors can earn a return of per months on a Treasury note with months remaining until maturity. The face value of the Tbill is $ What price would you expect a monthmaturity Treasury bill to sell for? Round your answer to decimal places.
Answer is complete but not entirely correct.
Price
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