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In January 2 0 2 0 , three - month ( 9 1 - day ) Treasury bills were selling at a discount of 1

In January 2020, three-month (91-day) Treasury bills were selling at a discount of 1.48%. What was the annual yield? Assume 365 days in a year.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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