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Today is 2 0 2 1 - 1 1 - 1 7 . Dayo buys a T - bill with a face value of $
Today is Dayo buys a Tbill with a face value of $ that matures on The annual simple
interest rate is and the daycount convention is ACT
a How much does the Tbill cost?
b The interest rate changes, so on Dayo sells the Tbill to ManDuen for $ What is the new
annual simple interest rate
c The interest rate doesn't change again, and ManDuen wants to sell the Tbill on the first day they can get more
than $ for it What day does ManDuen sell the Tbill, and what price does he receive?
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