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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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