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boog bal 01 omt 11-12. The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 2.125%.

boog bal 01 omt 11-12. The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 2.125%. What would be the effective rate of interest? Round only your final answer to the nearest hundredth percent. LU 11-1(4)

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