Question: QUESTION 1 What is the bond equivalent yield on a $1 million T-bill that currently sells at 94.654 percent of its face value and is
QUESTION 1 What is the bond equivalent yield on a $1 million T-bill that currently sells at 94.654 percent of its face value and is 128 days from matunty? (write your answer in % and round it to 2 decimal places)
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