Calculate the discount yield on this t-bill

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Reference no: EM131835818

You would like to purchase a T-bill that has a $16,500 face value and is 62 days from maturity. The current price of the T-bill is $16,375. Calculate the discount yield on this T-bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Discount yield %

Reference no: EM131835818

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