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In the Global Financial Crisis box in Section 6.1, www. Bloomberg.com reported that the three-month Treasury bill sold for a price of $100.002996 per $100
In the Global Financial Crisis box in Section 6.1, www. Bloomberg.com reported that the three-month Treasury bill sold for a price of $100.002996 per $100 face value. What is the yield to maturity of this bond, expressed as an EAR? The effective annual rate is %. (Round to five decimal places. A negative yield should be entered as a negative number.)
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