Question: A 3 3 0 - day T - bill is currently selling at a discount rate of 3 . 9 7 percent. What is the

A 330-day T-bill is currently selling at a discount rate of 3.97 percent. What is the price of
the T-bill if it has a face value of $2 million? What is the realized return on the T-bill if the
investor holds it until maturity?
A 330-day T-bill is currently selling at a discount rate of

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