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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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