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A three-month Treasury bill and a nine-month bill both sell at a discount of 10%. a-1. Calculate the annual yield of the three-month Treasury bill.

A three-month Treasury bill and a nine-month bill both sell at a discount of 10%.

a-1.Calculate the annual yield of the three-month Treasury bill.(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

a-2.Calculate the annual yield of the nine-month Treasury bill.(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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