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An investor buys a T-bill with 90 days to maturity for $99,600. The bill has a face value of $100,000. The investor's bond equivalent yield

An investor buys a T-bill with 90 days to maturity for $99,600. The bill has a face value of $100,000. The investor's bond equivalent yield on thin investment is a. 1.6287% b. 1.606% c. 1.6% d. None of the above

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