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You would like to purchase a T-bill that has a $12,500 face value and is...

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Finance

You would like to purchase a T-bill that has a $12,500 face value and is 64 days from maturity. The current price of the T-bill is $12,375. Calculate the discount yield on this T-bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Discount yield %

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