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A Treasury Bill Matures in 81 Days and Has a Bond

Question 49

Multiple Choice

A Treasury bill matures in 81 days and has a bond equivalent yield of 2.79 percent.What is the effective annual rate?

A) 2.79 percent
B) 2.82 percent
C) 2.85 percent
D) 2.88 percent
E) 2.91 percent

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