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*I need step by step explanation on how the answer in bold were gotten.* On March 2, a Treasury bill expiring on April 20 had

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*I need step by step explanation on how the answer in bold were gotten.* On March 2, a Treasury bill expiring on April 20 had a bid discount of 5.80, and an ask discount of 5.86. What is the best estimate of the risk-free rate as given in the text? a. 5.86% b. 5.83% c 6.11% d. 6.14% e. none of the above

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