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A treasury bill has a face value of $10,000 and is selling for $9,800. If the Treasury bill matures in 90 days, its effective annual

A treasury bill has a face value of $10,000 and is selling for $9,800. If the Treasury bill matures in 90 days, its effective annual yield is __________.

*please include formula, step by step calculations, NO EXCEL PLEASE

* I'm getting hung up on the exponent simplification/calculation, if you could post picture working it on paper that would be most helpful!

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