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Question 1 0 A Treasury bill has a face value of 1 0 0 K , 1 2 8 days to maturity, and is selling

Question

10

A Treasury bill has a face value of

100 K, 128

days to maturity, and is selling for $

97

thousand.

What is the effective annual yield on this bill?

Enter answer in percents, accurate to two decimal places.

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