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1. A 6 month treasury bill sells at a discount of 5%. what is the effective annual interest rate?
a. 2.564%
b. 5.194%
c. 5.063%
d. 5.000%
2. Grain Train Inc. sells wheat to both Pack Inc. and Snack Inc., both manufacturers of wheat breads in New York. However, Grain Train Inc. helps Pack Inc. cut its costs by supplying wheat at low prices which in turn distorts the competition between Pack Inc. and Snack Inc. This is an example of a(n) _____ at the buyer's level.
bird abatement violation
resale price maintenance agreement
non-price horizontal restraint
secondary-line injury
non-price vertical restraint
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