Question: Problem 5-5 (LG 5-2) You would like to purchase a T-bill that has a $15,500 face value and is 70 days from maturity. The current

Problem 5-5 (LG 5-2) You would like to purchase a T-bill that has a $15,500 face value and is 70 days from maturity. The current price of the T-bill is $15,375. Calculate the discount yield on this T-bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

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