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You are given a Government of Canada Treasury Bill and a US Treasury Bill. They both mature in 9 weeks for $1,000 and has the

You are given a Government of Canada Treasury Bill and a US Treasury Bill. They both mature in 9 weeks for $1,000 and has the same purchase price of $986.25. Compute the difference between the quoted rates of these two bills.

a) .11% b) .22% c) .33% d) .44% e) .55%

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