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You want to invest in a T-bill that has a par value of $10,000. Find the dollar price that you will need to pay for
You want to invest in a T-bill that has a par value of $10,000. Find the dollar price that you will need to pay for that T-bill if its bid price is quoted as 0.25 and ask price is quoted as 0.23. The T-bill matures in 180 days. (Round your answer to the nearest cent).
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