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    Exam 8: Simple Interest Applications
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    Sean Purchased a 182-Day, $10 000 T-Bill on Its Issue
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Sean Purchased a 182-Day, $10 000 T-Bill on Its Issue

Question 34

Question 34

Essay

Sean purchased a 182-day, $10 000 T-bill on its issue date for $9754.25. What was the original yield of the T-bill?

Correct Answer:

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S = 10 000.00; P = 9754.25; t ...

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