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The US government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the US government On January 2, 2003, Kris Greenhaigh

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The US government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the US government On January 2, 2003, Kris Greenhaigh purchased a 180-day, $1500 US Treasury bill at a 4.99% discount. On the date of maturity Kris received S1500 Complete parts a) through d) ! Click the icon to view the table of maturity dates a) What is the date of maturity of the Treasury bill? The date of maturity of the Treasury bill is 2003 b) How much did Kris actually pay for the Treasury bill? $(Round to the nearest cent.) c) How much interest did the US government pay Kris on the date of maturity? d) What is the actual rate of interest of the Treasury bill? (Assume a 360-day year) % (Round to the nearest hundredth of a percent)

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