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A Treasury bill with 2 1 4 days to maturity would cost the buyer $ 9 7 , 2 0 0 for a face value

A Treasury bill with

214

days to maturity would cost the buyer $

97, 200

for a face value of

100, 000 .

What is the discount yield

(

3

decimal places

)

of this T

-

bill?

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