What is bond equivalent yield

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A U.S. Treasury bill with 89 days to maturity is quoted at a discount yield of 1.35 percent. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM131320532

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What is bond equivalent yield : A U.S. Treasury bill with 89 days to maturity is quoted at a discount yield of 1.35 percent. What is the bond equivalent yield?
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