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What was the market yield rate on april

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Question - Government of Albena 36+day T-bills with a face value of $1 £00,000 were purchased on April 7 for $971,578. The T-bills were sold on May 16 for $983,500.

(a) What was the market yield rate on April 7?

(b) What was the yield rate on May 16?

(c) What was the rate of return realized?

Reference no: EM133127850

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