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A $25,000, 91-day Province of Newfoundland Treasury bill was originally purchased at a price that would yield the investor 5.438%. Thirty-four days later, the investor
A $25,000, 91-day Province of Newfoundland Treasury bill was originally purchased at a price that would yield the investor 5.438%. Thirty-four days later, the investor sold the T-bill through his broker for $24,775.
The new purchaser will realize a yield of _____%. Round your answer to three decimal places. Do not include %.
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