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22) A 91-day Treasury bill is selling for $96.88 per $100 of its face value. What is the discounted yield of this 91-day T-Bill? A.

22)

A 91-day Treasury bill is selling for $96.88 per $100 of its face value. What is the discounted yield of this 91-day T-Bill?

A.

12.92%

B.

12.51%

C.

12.34%

D.

12.15%

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