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finance
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If in today's auction of U.S. Treasury bills, investors are, on average, collectively observed to bid on average, ninety-five and one-half dollars of income today ($95.50) per one hundred dollars of income ($100.00) ridklessly received in ninety-one days, we can conclude that: the actual ninety-one day bond-equivalent yield or1 on such treasury bills is 8.15%
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