Calculate the annualized discount rate

Reference no: EM133015728

Question: Calculate the annualized discount rate on the purchase of 91-day T-bill, if the face value is $3,000 and purchase price is $2918.

Show your answer as a %, and round your answer to three percentage decimals, e.g. 10.234%. Exclude writing the % sign in the answer box. e.g. write 10.234% as 10.234 in the answer box.

Reference no: EM133015728

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