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An Australian company issued a180-day bank-accepted bill domestically with a face value of $700000. The bill was discounted at a yield of6.06% per annum, representing

An Australian company issued a 180-day bank-accepted bill domestically with a face value of $700000. The bill was discounted at a yield of 6.06% per annum, representing a price of $679687.58. After 14 days the discounter sells the bill in the short-term money market for $680291.67. The bill is not traded again in the market.


The yield to the current holder at maturity is?

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