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A zero coupon T-bill with 2-month expiration and $1000 par is currently selling at $979. What is your annual percentage yield (i.e. APR using simple
A zero coupon T-bill with 2-month expiration and $1000 par is currently selling at $979. What is your annual percentage yield (i.e. APR using simple annualization, not compounded)? (Provide your answer in percent rounded to two digits, omitting the % sign.)
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