Question: A U . S . Treasury bill has 5 6 days to maturity quoted at a discount yield of 1 . 3 5 percent? Assume

A U.S. Treasury bill has 56 days to maturity quoted at a discount yield of 1.35 percent? Assume a $1 million face value. What is the percentage bond equivalent yield?
Note: Please round your answer to four decimal places.

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