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Treasury Bill with 90 days to maturity, a face value of $100,000, and selling for $99,300 has a 3.00% yield on a bank discount basis.

Treasury Bill with 90 days to maturity, a face value of $100,000, and selling for $99,300 has a 3.00% yield on a bank discount basis. What is its equivalent yield for 365 days? 3.023% 3.042% 3.00% 2.959%

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