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The U . S . government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the U . S . government.

The U.S. government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the U.S. government. On June 4,2003, Kris Greenhalgh purchased a 155-day, $4500 U.S. Treasury bill at a 4.34% discount. On the date of maturity Kris received $4500. Complete parts a) through d).
Click here for an explanation of treasury bills.
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