Title Sandra Waterman purchased a 52-week, $3,200 T-bill issued by the U.S. Treasury. The purchase price w
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Title Sandra Waterman purchased a 52-week, $3,200 T-bill issued by the U.S. Treasury. The purchase price w
Description
| Sandra Waterman purchased a 52-week, $3,200 T-bill issued by the U.S. Treasury. The purchase price was $3,189. |
| (a) | What is the amount of the discount? |
| Discount amount | $ |
| (b) | What is the amount Ms. Waterman will receive when the T-bill matures? |
| Amount received | $ |
| (c) | What is the current yield for the 52-week T-bill? (Enter your answer as a percent rounded to 2 decimal places.) |
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