A 3 month 16 000 treasury bill with a simple annual discount rate of 0...
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A 3 month 16 000 treasury bill with a simple annual discount rate of 0 22 was sold in 2016 Assume 365 days in year a Find the price of the treasury bill T bill b Find the actual interest rate paid by the Treasury a The price of the T bill was 8 8 Round to the nearest cent as needed
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