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the Treasury bill (T-bili), and (b) the octual interest rale pald by the Treasury. Assume 365 doys in a year. Three-manth $16,000 T-bill with a

the Treasury bill (T-bili), and (b) the octual interest rale pald by the Treasury. Assume 365 doys in a year. Three-manth $16,000 T-bill with a simple annual discount rate of of 4.95%

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