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QUESTION
In the box in Section 8.1, Bloomberg.com reported that the three-month Treasury bill sold for aprice of $100.002556 per $100 face value.
In the box in Section 8.1, Bloomberg.com reported that the three-month Treasury bill sold for aprice of $100.002556 per $100 face value. What is the yield to maturity of this bond, expressed as an EAR?
