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Veronica purchased a 182-day T-bill with interest rate of 4.50% p.a. and a face value of $25,000. a. How much did Veronica pay for the
Veronica purchased a 182-day T-bill with interest rate of 4.50% p.a. and a face value of $25,000. a. How much did Veronica pay for the T-bill? $0.00 Round to the nearest cent b. After 44 days, Veronica sold the T-bill when the interest rate for this T-bill in the market increased to 4.75% p.a. What was the selling price? $0.00 Round to the nearest cent
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