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You can buy a Treasury-bill for $98.75, and in three months the T-bill pays you $100. What is the 3-month Nominal Risk Free Rate? Express

You can buy a Treasury-bill for $98.75, and in three months the T-bill pays you $100. What is the 3-month Nominal Risk Free Rate? Express your answer as a percentage, for example 3.18% should be entered as 3.18 without the percentage sign.

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