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A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate? a. 1.98% b. 2% c. 60%

A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate?

a. 1.98%

b. 2%

c. 60%

d. 5%

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