You would like to purchase a Treasury bill that has a $10,000 face value and is 68

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Question:

You would like to purchase a Treasury bill that has a $10,000 face value and is 68 days from maturity. The current price of the Treasury bill is $9,875. Calculate the discount yield on this Treasury bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.