Calculate the discount yield on this treasury bill

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Reference no: EM13808018

You would like to purchase a Treasury bill that has a $15,000 face value and is 69 days from maturity. The current price of the Treasury bill is $14,875. Calculate the discount yield on this Treasury bill. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.(e.g., 32.16))

Reference no: EM13808018

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