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A $100,000 168-day T-bill is purchased for $98,589 on its issue date. What simple rate of interest will it yield the buyer if it is
A $100,000 168-day T-bill is purchased for $98,589 on its issue date. What simple rate of interest will it yield the buyer if it is held until maturity? Express your answer as an annual percentage rounded to 2 decimal places but don't include the % sign.
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