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A new issue of 90-day Treasury bill is available from a dealer at $97.60 on a $100 basis. What is the bank discount yield to

  1. A new issue of 90-day Treasury bill is available from a dealer at $97.60 on a $100 basis. What is the bank discount yield to maturity of this note?

    A.9.84%

    B. 9.73%

    C. 9.60%

    D. 9.97%

    E. 9.46%

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