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An investment dealer acquired a $100,000.00, 91-day Province of Newfoundland and Labrador treasury bill on its date of issue at a price of $99,269.89.
An investment dealer acquired a $100,000.00, 91-day Province of Newfoundland and Labrador treasury bill on its date of issue at a price of $99,269.89. What is the annual rate of return? The rate of return is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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