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On 15 March 2023, Green Field, Corp. issued a bank bill with a face value of $100,000 and 90 days to maturity. The bill had

On 15 March 2023, Green Field, Corp. issued a bank bill with a face value of $100,000 and 90 days to maturity. The bill had a yield of 5 percent. Anastacia bought the bill that day, but sold it 30 days later when the yield rose to 8 percent. What is her holding-period return on this short-term investment?

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