Question: 10. [-/2 Points] DETAILS WANEFMAC7 3.1.051. MY NOTES PRACTICE ANOTHER Compute the specified quantity. At auction, 9-month T-bills were sold at a discount of 3.705%.

10. [-/2 Points] DETAILS WANEFMAC7 3.1.051. MY NOTES PRACTICE ANOTHER Compute the specified quantity. At auction, 9-month T-bills were sold at a discount of 3.705%. What was the simple annual yield ? HINT [See Example 6.] (Round your answer to three decimal places.) r = % Need Help? Read It Watch It

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