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The 3 month forward discount for converting USD to GBP is 1.76% and the 3 month U.S. Treasury bill rate has a yield of 2.25%.

The 3 month forward discount for converting USD to GBP is 1.76% and the 3 month U.S. Treasury bill rate has a yield of 2.25%. Based on interest rate parity, what should the 3 month British treasury bill yield?

		.49%
		4.01%
		-.49%
		-4.01%

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