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A broker is selling a $10,000 T-bill with 90 days to maturity at a bank...

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Finance

A broker is selling a $10,000 T-bill with 90 days to maturity at a bank discount rate of 0.40%. Calculate its equivalent annual yield (rEAY). Round your answer to the nearest 1/10000 of a percent (4 digits to the right of the decimal point).

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