What is the discount yield, bond equivalent yield, and effective annual return on a $1...
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What is the discount yield, bond equivalent yield, and effective annual return on a $1 million Treasury bill that currently sells at 96.375 percent of its face value and is 55 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations.
Round to 3 decimal
Discount Yield:
Bond Equivalent Yield:
Effective Annual Return:
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