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A Treasury auction is held for $100MM Face-Value of 7-year, zero coupon bonds. If auction-investors...

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Finance

A Treasury auction is held for $100MM Face-Value of 7-year, zero coupon bonds. If auction-investors pay $61MM for the bonds, what is rrf? Do not round intermediate calculations. Round your answer to 4 decimal places and do not represent your answer as a percent. IE: write 0.2672 not 26.72%.

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