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Find the yield for a bill of exchange (discount security) when the bill was purchased for $49100 with 113 days to maturity and held to
Find the yield for a bill of exchange (discount security) when the bill was purchased for $49100 with 113 days to maturity and held to maturity at which the bill paid $50000 (use 365 days)
Select one:
a. 2.65%
b. 5.81%
c. 5.70%
d. 5.92%
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