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Suppose you purchase a Treasury bill that matures in 2 months with a face value of 1,000. If the bill is priced to yield 8.3%

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Suppose you purchase a Treasury bill that matures in 2 months with a face value of 1,000. If the bill is priced to yield 8.3% (annualized), what is its annual effective rate of interest? 8.36% 8.47% 8.59% 8.62%

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