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A T - Bill with a face value of $ 1 0 0 that will mature in one year is sold at $ 9 6

A T-Bill with a face value of $100 that will mature in one year is sold at $96 today. If you deposit $100 in a saving account, you will get $110 in three years. Calculate the term spread (%) between 3-year and 1-year rates (Is there a yield curve inversion?).

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