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Consider a 90-day Treasury bill selling for $960? Find the yield on coupon equivalent basis (investment yield). Make sure to show your work. Do not
Consider a 90-day Treasury bill selling for $960? Find the yield on coupon equivalent basis (investment yield). Make sure to show your work. Do not write any symbol (%, $, #, &,...). Express your answers as a percentage. Round your answer to the nearest one-hundredth percentage point. For example, write 12.56 for 12.56%.
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