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Suppose you are going to purchase a T-bill that is 189 days from maturity for 95.615 percent of face value. Calculate the T-bill's bond equivalent
Suppose you are going to purchase a T-bill that is 189 days from maturity for 95.615 percent of face value. Calculate the T-bill's bond equivalent yeild (BEY). (Answer in % xx.xx format w/ no % sign needed. Answer to nearest basis point.)
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