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The Murphy Company purchased a Treasury bill with a face value of $280,000 at 2.75 percent interest for 90 days. The service fee was $45.
The Murphy Company purchased a Treasury bill with a face value of $280,000 at 2.75 percent interest for 90 days. The service fee was $45. Find the yield of the Treasury bill.
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Financial Accounting
Authors: Charles T. Horngren, Jr Harrison, Walter T.
3rd Edition
0137419848, 978-0137419845
