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What is the discount yield,bond equivalent, and effective annual return on a 1$ million T-bill that currently sells at 98.375 percent of its face value
What is the discount yield,bond equivalent, and effective annual return on a 1$ million T-bill that currently sells at 98.375 percent of its face value and is 65 days from maturity ? (use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return)
discount yield _____
bond equivalent yield _______
effective annual return _______
round to two decimal places
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