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The U.S. Treasury issues 1-yearT-bills on Tuesday. At the auction, the bond's quoted price is 97. What is the bond's yield? Answer as a percentage.

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The U.S. Treasury issues 1-yearT-bills on Tuesday. At the auction, the bond's quoted price is 97. What is the bond's yield? Answer as a percentage. The 6 percent coupon bonds of Target are selling at a quoted price of 98. The bonds mature in eight years and pay interest annually. What is their current yield? Calculate their yield to maturity

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