Given the price of a 3-month treasury bill is $993.12 and the face value is...
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Accounting
Given the price of a 3-month treasury bill is $993.12 and the face value is $1,000, what is the yield to maturity of this T-bill expressed as the effective annual rate (EAR)?
A) 2.5%.
B) 2.8%.
C) 3.2%.
D) 4.0%.
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