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Supposed you purchased a newly issued T-bill maturing 181 days. The T-bill has a par value of $10,000. If the discount rate on the T-bill
Supposed you purchased a newly issued T-bill maturing 181 days. The T-bill has a par value of $10,000. If the discount rate on the T-bill is 0.3 percent, how much was the purchase price of the T-bill?
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