Question: Question 5 (1 point) A bank accepted bill (BAB) has a face value of $1,000,000 and will be mature in 165 days. If this BAB

Question 5 (1 point)

A bank accepted bill (BAB) has a face value of $1,000,000 and will be mature in 165 days. If this BAB is currently trading at $957,000, how much is its implied yield?

where

957000 = (1 + i x 165/365)

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