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  3. a t-bill matures in exactly 73 days. its face (par

A T-bill matures in exactly 73 days. Its face (par) value is $1,000.00. The T-bill...

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Finance

A T-bill matures in exactly 73 days. Its face (par) value is $1,000.00. The T-bill trades right now for $990.05.

Calculate the annual rate on the T-bill. Use continuous compounding.

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