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You purchase $100,000 worth of six-month US Treasury bills on the secondary market with a quoted yield per annum of 1.94 per cent. The bills

You purchase $100,000 worth of six-month US Treasury bills on the secondary market with a quoted yield per annum of 1.94 per cent. The bills have 80 days to maturity. How much would you pay? Use the actual/360-day count convention.

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