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Hermione purchased a 180-day T-bill with a face value of $100,000 on the date of issue when the market return was 3.5%. Hermione then sold
Hermione purchased a 180-day T-bill with a face value of $100,000 on the date of issue when the market return was 3.5%. Hermione then sold the T-bill 45 days later to Ginny when the market rate was 5%. Maintain nine places after the decimal for intermediate calculations. Round final answer to two places after the decimal. Show formulas and supporting calculations for full marks. a) What price did Hermione pay for the T-bill? $ b) What was the price when Hermione sold the T-bill to Ginny? $ b) What was the profit or loss that Hermione realized from the sale of the T-bill? Enter a loss as a negative (-). $
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