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A Government of Canada T-bill with a face value of $1,000 and 45 days to maturity is trading for $985.22. The 45-day interest rate is ________ and the annual rate is ________.

▸ 1.5%; 12.17%

▸ 1.5%; 12.84%

▸ 12.17%; 1.5%

▸ 12.84%; 1.5%
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Corporate Finance

Corporate Finance


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