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Suppose NewBank decides to invest $ 2 7 3 million in 3 0 - day T - bills. The T - bills are currently trading

Suppose NewBank decides to invest $

273

million in

30 -

day T

-

bills. The T

-

bills are

currently trading at $

4, 981 (

including commissions

)

for a $

4, 940

face value instrument.

What does the balance sheet look like?

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