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Suppose that a 60-day US Treasury bill (T-bill) with a face value of $1,000 is quoted at a discount rate of 2% for an assumed

Suppose that a 60-day US Treasury bill (T-bill) with a face value of $1,000 is quoted at a discount rate of 2% for an assumed 360-day year. How much do I have to pay for this T-bill? What is the AOR (bond equivalent rate) of this bill based on a 365-day year?

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