Ariel purchased a 182-day T-bill with interest rate of 3.50% p.a. and a face value...
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Ariel purchased a 182-day T-bill with interest rate of 3.50% p.a. and a face value of $10,000. a. How much did Ariel pay for the T-bill? $0.00 Round to the nearest cent b. After 38 days, Ariel sold the T-bill when the interest rate for this T-bill in the market increased to 3.75% p.a. What was the selling price
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