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A three - month treasury bill sold for a price of $99.311998 per $100 face value. The yield to maturity of this bond expressed as
A three - month treasury bill sold for a price of $99.311998 per $100 face value. The yield to maturity of this bond expressed as an EAR is closest to: A. 2.8%. B. 3.2%. C. 4.0%. D. 2.5%
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