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You would like to purchase a Treasury bill that has a $16,000 face value and is 60 days from maturity. The current price of the

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You would like to purchase a Treasury bill that has a $16,000 face value and is 60 days from maturity. The current price of the Treasury bill is $15,875 Calculate the discount yield on this Treasury bill . (Use 360 days in a year. Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.9.. 32.16)

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