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A company wants to discount a commercial bill with a face value of $10,000,000 and a term to maturity of 91 days. The bank is

A company wants to discount a commercial bill with a face value of $10,000,000 and a term to maturity of 91 days. The bank is offering 9,791,285.00.

At what yield (in percent) would the company discount the bill if it accepted the bank's offer? %

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