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undefined Tara bought a 182-day T-bill that has an interest rate of 2.35% p.a. and a face value of $25,000. a. How much did Tara
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Tara bought a 182-day T-bill that has an interest rate of 2.35% p.a. and a face value of $25,000. a. How much did Tara pay for the T-bill? $0.00 Round to the nearest cent b. After 34 days, Tara sold the T-bill to her friend when the interest rate for this T-bill in the market increased to 5.75% p.a. What was her selling price? $0.00 Round to the nearest centStep by Step Solution
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