An investor purchased $50000 in 168-day T-bills for $49912.70 to yield 0.38%. They ended up selling the
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Question:
An investor purchased $50000 in 168-day T-bills for $49912.70 to yield 0.38%. They ended up selling the T-bills for 75 days after purchasing it. What price would the investor receive if the interest rate had increased to 0.4% by the date that the investor sold the T-bills?
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