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You want to buy a treasury bill with a maturity of 26 weeks (= 6 months). Suppose the APR is 4.8% compounded monthly. The T-bill

You want to buy a treasury bill with a maturity of 26 weeks (= 6 months). Suppose the APR is 4.8% compounded monthly. The T-bill will pay us $10,000 in 26 weeks. How much will the bond be sold for?

Please explain how to do. Since the APR is compounded monthly, should I be converting this to annually?

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