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QUESTION
Suppose you are looking to buy a $10,000 face value 13-week T-bill. If you want to earn at least 5% annual interest, what is the most you should pay
Suppose you are looking to buy a $10,000 face value 13-week T-bill. If you want to earn at least 5% annual interest, what is the most you should pay for the bill?
Round your answer to the nearest penny.
