You would like to invest some spare cash for six months in, Financial Management

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You would like to invest some spare cash for six months in

You would like to invest some spare cash for six months in a U.S. Treasury bill. The current interest rate on six-month bills is 1% compounded semi-annually, and each bill promises to repay $10,000 in exactly six months. What is the current price for these bills?

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Financial Management: You would like to invest some spare cash for six months in

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