Question: 8. [-10.1 Points] DETAILS Compute the specified quantity. MY NOTES PRACTICE ANC At auction, 4-month T-bills were sold at a discount of 4,470 %.

8. [-10.1 Points] DETAILS Compute the specified quantity. MY NOTES PRACTICE ANC At auction, 4-month T-bills were sold at a discount of 4,470 %. What was the simple annual yield r? HINT [See Example 5.) (Round your answer to three decimal places.)) Need Help? Watch

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