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A Treasury bill has 21 days to maturity and a bank discount yield of 1.89 percent. What is the bond equivalent yield? 1.94 percent 1.96

A Treasury bill has 21 days to maturity and a bank discount yield of 1.89 percent. What is the bond equivalent yield?

1.94 percent

1.96 percent

1.89 percent

1.92 percent

1.90 percent

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