Question: Problem 5 - 5 ( LG 5 - 2 ) You would like to purchase a Treasury bill that has a $ 2 0 ,

Problem 5-5(LG 5-2)
You would like to purchase a Treasury bill that has a $20,000 face value and is 57 days from maturity. The current price of the Treasury bill is $19,875. Calculate the discount yield on this Treasury bill.

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