Question: A U . S . Treasury bill with 6 8 days to maturity is quoted at a discount yield of 2 . 0 5 percent.

A U.S. Treasury bill with 68 days to maturity is quoted at a discount yield of 2.05 percent. Assume a $1 million face value. What is the bond equivalent yield? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places

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