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    Exam 7: Applications of Simple Interest
  5. Question
    Is the Price of a 98-Day $100,000 T-Bill Higher or Lower
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Is the Price of a 98-Day $100,000 T-Bill Higher or Lower

Question 5

Question 5

Essay

Is the price of a 98-day $100,000 T-bill higher or lower than the price of a 168-day $100,000 T-bill? Why?

Correct Answer:

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The price of the 98-day T-bill is higher...

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