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For the following treasury bill bought in 2007, find (a) the price of the T-bill,...

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Finance

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For the following treasury bill bought in 2007, find (a) the price of the T-bill, and (b) the actual interest rate paid by the Treasury. Six-month $17,000 T-bill with discount rate of 5.72% (a) The price of the T-bill is $ (Round to the nearest dollar as needed.) (b) The actual interest rate paid by the Treasury is %. (Type an integer or decimal rounded to two decimal places as needed.)

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