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You would like to purchase a Treasury bill that has a $18.500 face value and is 55 days from maturity. The current price of the

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You would like to purchase a Treasury bill that has a $18.500 face value and is 55 days from maturity. The current price of the Treasury billis $18,375 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, (0.9.3216)) Discount yold

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