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An investment dealer acquired a $ 1 0 0 , 0 0 0 . 0 0 , 3 6 4 - day Province of British

An investment dealer acquired a $100,000.00,364-day Province of British Columbia treasury bill on its date of issue at a price of $97,340.19. What is the annual rate of return?
The rate of return is 3.09%.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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