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What is the effective annual yield on a $1 million T-bill that currently sells at 96.7 percent of its face value and is 116 days
What is the effective annual yield on a $1 million T-bill that currently sells at 96.7 percent of its face value and is 116 days from maturity? (Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161))
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