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A T - bill is 2 2 6 days from maturity and is selling for $ 9 7 , 0 2 4 . It has

A T

-

bill is

226

days from maturity and is selling for $

97, 024 .

It has a face value of $

100, 000 .

Calculate the bond equivalent yield. Round your final answer to the nearest hundredth.

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