Question: Question 3 2 points Save Answer A $25,600, 91-day Province of Newfoundland Treasury bill was originally purchased at a price that would yield the investor

Question 3 2 points Save Answer A $25,600, 91-day Province of

Question 3 2 points Save Answer A $25,600, 91-day Province of Newfoundland Treasury bill was originally purchased at a price that would yield the investor a 5.438% rate of return if the T-bill is held until maturity. Thirty-four days later, the investor sold the T-bill through his broker for $25,475. What price did the original investor pay for the T-bill? (Round answer to the nearest cent. What rate of return did the first investor realize during his holding period? TTTT Paragraph Arial 3 (12pt)

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