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An investor buys a T-bill at a bank discount quote of 4.65 with 120 days to maturity for 9,845.00. The bill has a face value

An investor buys a T-bill at a bank discount quote of 4.65 with 120 days to maturity for 9,845.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is _____.

Multiple Choice

4.72%

5.17%

4.66%

4.79%

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