What effected annual yield that can be earned by investing

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Problem 1: A T-Bill has 90 days until maturity. The pei e is R6 411 less than the face value and the quoted discount rateis 8%. What is the effected annual yield that can be earned by investing in this T-Bill?

a) 9.5%
b) 8.5%
C) 8.2%
d) 9.0%

Reference no: EM132965463

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