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An investor purchases a T-bill at a bank discount quote of 5.50% with 180 days to maturity for 9,725.00. The bill has a face value

An investor purchases a T-bill at a bank discount quote of 5.50% with 180 days to maturity for 9,725.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is _____.

Multiple Choice

6.91%

5.73%

5.58%

5.66%

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