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Derrik has an investment horizon of 30 days and he decided to ride the yield by purchasing a 60 day t-bill at a bankers discount

Derrik has an investment horizon of 30 days and he decided to ride the yield by purchasing a 60 day t-bill at a bankers discount of 4.5% the quote on a 30 day t bill is at 4.3%, 30 days later 30 day tbill then will be quoted at 4.4%

Whats the Effective Annual Yield?

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