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Jenna decides to purchase a U.S. Treasury Bill for 98.000. The Treasury Bill matures in 120 days for 100.000. Let or be the quoted rate

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Jenna decides to purchase a U.S. Treasury Bill for 98.000. The Treasury Bill matures in 120 days for 100.000. Let or be the quoted rate on the US Treasury Bill. Letj be the annual effective yield on this U.S. Treasury Bill assuming a 365 day year. Calculate -OR A.74 bps B. 67 bps C55bps O D. 48bps O E 34bps

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