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T-bills (Treasury bills) are one of the instruments the U.S. Treasury Department uses to finance public debt. If you buy a 270-day T-bill with a
T-bills (Treasury bills) are one of the instruments the U.S. Treasury Department uses to finance public debt. If you buy a 270-day T-bill with a maturity value of $12,750 for $12,386.88, what annual simple interest rate will you earn? Express your answer as a percentage. %. Round to the nearest thousandths of a percent (3 decimal places).
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