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Kaitlyn purchased a 91-day T-Bill that has a face value of $1478 and an interest...

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Finance

Kaitlyn purchased a 91-day T-Bill that has a face value of $1478 and an interest rate of 4.53% p.a.

In 46 days, she needed the money and therefore, sold the T-bill to another investor. The rate for this investment in the market was 6.5% at the time of the sale. Calculate his selling price.

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