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A Treasury bill has 40 days left to maturity. The bank discount yield on the bill is 3.75%. What is the effective annual rate? O

A Treasury bill has 40 days left to maturity. The bank discount yield on the bill is 3.75%. What is the effective annual rate? O 3.55% a O 3.66% O 3.77% 3.82% O 3.99%

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