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If the yield-to-maturity on a 1 year treasury bill is 2.4%, what is the spot rate for 1 year? A: cannot be determined B: Greater

If the yield-to-maturity on a 1 year treasury bill is 2.4%, what is the spot rate for 1 year?

A: cannot be determined

B: Greater than 2.4%

C: 2.4%

D: Less than 2.4%

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