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17 You would like to purchase a Treasury bill that has a $15,500 face value and is 70 days from maturity. The current price of

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17 You would like to purchase a Treasury bill that has a $15,500 face value and is 70 days from maturity. The current price of the Treasury bill is $15,375. Calculate the discount yield on this Treasury bill, (Use 360 days in a year. Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g. 32,16)) Discount yield 10 points Book Print References

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