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An investor buys a T-bill at a bank discount quote of 6.00 with 90 days to maturity for 9,850.00. The bill has a face value

An investor buys a T-bill at a bank discount quote of 6.00 with 90 days to maturity for 9,850.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is.

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