If the annual interest rate is 5% (.05), the price of a three-month Treasury bill would be:

Name: If the annual interest rate is 5% (.05), the price of a three-month Treasury bill would be:
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The price of a Treasury bill can be calculated using the formula: Price = Face Value / (1 + (Interest Rate * (Days to Maturity/360))). Assuming a face value of $100, the price would be $100 / (1 + (0.05 * (90/360))) = $98.79.

If the Annual Interest Rate Is 5%