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At auction, 5-month T-bills were sold at a discount of 7.430%. What was the simple annual yield r? HINT [See Example 5.] (Round your answer
At auction, 5-month T-bills were sold at a discount of 7.430%. What was the simple annual yield r? HINT [See Example 5.] (Round your answer to three decimal places.)
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
