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Q23 Calculate the percentage return on a 1-year Treasury bill with a face value of $10,000 if you pay $9,108.63 to purchase it and receive

Q23

Calculate the percentage return on a 1-year Treasury bill with a face value of

$10,000

if you pay

$9,108.63

to purchase it and receive its full face value at maturity.The percentage return is

nothing%.

(Round to two decimal places.)

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