In the Global Financial Crisis box in Section 6.2, Bloomberg.com reported that the three-month Treasury bill sold

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In the Global Financial Crisis box in Section 6.2, Bloomberg.com reported that the three-month Treasury bill sold for $100.002556 per $100 face value. What is the yield to maturity of this bond, expressed as an EAR?

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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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