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You would like to purchase a T-bill that has a $20,000 face value and is 198 days from maturity. The current price of the T-bill

You would like to purchase a T-bill that has a $20,000 face value and is 198 days from maturity. The current price of the T-bill is $19,677. Calculate the discount yield on this T-bill. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.162))

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