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A three-month bill that was issued on an annually compounded yield of 5%. Suppose that one month has passed and the investment still offers the
A three-month bill that was issued on an annually compounded yield of 5%. Suppose that one month has passed and the investment still offers the same annually compounded return, answer the following: a. What is the percentage discount? b. Calculate the Monthly return. c. Calculate the present annual yield. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places
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