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Compute the specified quantity.At auction, 5-month T-bills were sold at a discount of 7.420%. What was the simple annual yield r ? HINT [See Example

Compute the specified quantity.At auction, 5-month T-bills were sold at a discount of 7.420%. What was the simple annual yield r? HINT [See Example 6.] (Round your answer to three decimal places.)r = %

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