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What was the profit or loss that jane realized from the sale

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Jane purchased a 180-day T-bill with a face value of $75,000 on the date of issue when the market return was 5.0%. Jane then sold the T-bill 30 days later when the market rate was 3.25%. Show all supporting calculations.

Problem a) What price did Jane pay for the T-bill?

Problem b) What was the profit or loss that Jane realized from the sale of the T-bill 30 days later?

Reference no: EM132806893

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