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Problem 5 - 1 ( LG 5 - 2 ) What is the discount yield, bond equivalent yield, and effective annual return on a $
Problem LG
What is the discount yield, bond equivalent yield, and effective annual return on a $ million Treasury bill that currently sells at
percent of its face value and is days from maturity? Use days for discount yield and days in a year for bond equivalent
yield and effective annual return. Do not round intermediate calculations. Round your percentage answers to decimal places.
eg
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