Question: Problem 9-10 Treasury Bill Prices (LO1, CFA1) A U.S. Treasury bill with 149 days to maturity is quoted at a discount yield of 3.30 percent.

Problem 9-10 Treasury Bill Prices (LO1, CFA1) A U.S. Treasury bill

Problem 9-10 Treasury Bill Prices (LO1, CFA1) A U.S. Treasury bill with 149 days to maturity is quoted at a discount yield of 3.30 percent. Assume a $1 million face value. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.) Bond equivalent yield

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