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A Treasury bill with a face value of $100,000 and 90 days until maturity is selling for $98,900. What is the effective annual yield? I
A Treasury bill with a face value of $100,000 and 90 days until maturity is selling for $98,900. What is the effective annual yield?
I got 0.0447 as a result but it seems to be wrong. Can someone help me?
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