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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? Explain. A

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? Explain.

A 12.92%

B. 12.51%

C. 12.34%

D. 12.15%

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