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You are considering the purchase of a Treasury-Bill with a face value of $100,000, which matures in 173 days. The bond is currently selling for
You are considering the purchase of a Treasury-Bill with a face value of $100,000, which matures in 173 days. The bond is currently selling for $98,387.19. At this price, what is the prevailing yield-to-maturity on the instrument?
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