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Bill, an investor, purchases a six-month (182-day) T-bill with a $11,000 par value for $10,400. If Moe holds the T-bill to maturity what is his

Bill, an investor, purchases a six-month (182-day) T-bill with a $11,000 par value for $10,400. If Moe holds the T-bill to maturity what is his bond equivalent yield?

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