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Suppose that on a particular trading day the following treasury bills bids for a GhC200 million issue were accepted. Compute the weighted average interest rate

Suppose that on a particular trading day the following treasury bills bids for a GhC200 million issue were accepted. Compute the weighted average interest rate (WAIR). Bidder Amount (millions) Percentage (%) Bid Rate (%) Commercial Bank 50 25 14.65 Ecobank 80 40 15.50 StanChart 70 35 16.25 Total 200 100

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