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Business, 16.03.2020 20:32 brittanyowusu1820

A U. S. Treasury bill with 157 days to maturity is quoted at a discount yield of 2.62 percent. Assume a $1 million face value. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.)

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A U. S. Treasury bill with 157 days to maturity is quoted at a discount yield of 2.62 percent. Assum...
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