An investor purchased a 182-day, $25,000.00 T-bill on its issue date for $24,607.82. After holding it for 63 days, she sold the T-bill for a yield of 1.67%.
(a) What was the original yield of the T-bill?
(b) For what price was the T-bill sold?
(c) What rate of return (per annum) did the investor realize while holding this T-bill?
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