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  • 27-02-2024
  • Business
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A $20,000 T-bill was sold at auction for $19,688.38. The simple discount rate was 4.7%. How long will it take for the T-bill to mature? Assume there are 365 days in a year.

A) 33 days
B) 121 days
C) 22 days
D) 123 days

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