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A treasury bill (money market) has the following characteristics: Currently trading at $8,935, Face value (or PAR) of $10,000, matures in 90 days. How much

A treasury bill (money market) has the following characteristics: Currently trading at $8,935, Face value (or PAR) of $10,000, matures in 90 days.

How much is the EAY (Effective Annual Yield)?

Enter your answer in the following format: 0.1234 Hint: Answer is between 0.5731 and 0.6251

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