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Sam Rich purchased a S 5,300 US Treasury Bill at a 6% discount for 4...

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Accounting

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Sam Rich purchased a S 5,300 US Treasury Bill at a 6% discount for 4 years. (a) How much does Sam pay for t-bill? (b) What is the maturity value? (c) Suppose Sam converts that t-bill to cash one year before the due date and the bank discounts the note at the current rate 5%. How much cash would Sam receive? Click here to enter

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