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You have purchased a 2 7 0 day T - bill at a 5 . 2 5 % annual discount yield. After holding this position

You have purchased a 270 day T-bill at a 5.25% annual discount yield. After holding this position for 90 days, you sell this T-bill at a 6.25% annual discount yield. What is your annualized rate of return on the purchase and sale of the T-bill cited above? (Show Excel Formulas)

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