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A Treasury bill with a par value of $100,000 due one month from now is selling today for $99,010. The effective annual yield is A.

A Treasury bill with a par value of $100,000 due one month from now is selling today for $99,010. The effective annual yield is

A. 12.40%.

B. 12.55%.

C. 12.62%.

D. 12.68%.

E. None of the options are correct

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