Calculate the annual yield of six-month treasury bill

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A three-month Treasury bill and a six-month bill both sell at a discount of 9%.

a-1. Calculate the annual yield of three-month Treasury bill. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

a-2. Calculate the annual yield of six-month Treasury bill. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131072489

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