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answer this Previous Page Next Page Page 17 of 20 Question 17 (6 points)...

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Previous Page Next Page Page 17 of 20 Question 17 (6 points) Word Problem Question 1: (You have to submit an image of your FULL solution to the question in eConestoga -> Course Tools -> Assignments (Midterm Submission]) A $50,000, 180-day T-Bill was originally purchased at a price to yield 3.35% simple interest if the bill is held to maturity. (Round all answers to 2 decimal places) Blank #1. What prie was paid for the T- Bill? Blank #2. The original buyer sold the bill after holding it for 77 days. If the interest rate is now 2.55%, what price was the bill sold for? Blank #3. What rate of interest did the original investor realize during his holding period? Blank # 1 A Blank # 2 AJ Blank # 3 AJ

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