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If a $1,000,000 T-bill has a discount rate of 64 basis points for 200 days, the effective interest rate would be _____________ basis points. Round
If a $1,000,000 T-bill has a discount rate of 64 basis points for 200 days, the effective interest rate would be _____________ basis points. Round your answer to two decimal places (e.g., 88.42 is 88.42 basis points). |
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