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A Treasury discount yield on a three-month (90 days) T-bills was 2.36%. What is the price per $100 of par value given this yield? Using

A Treasury discount yield on a three-month (90 days) T-bills was 2.36%.

What is the price per $100 of par value given this yield?

Using your answer for the price, what is the "corrected" annual yield?

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