What is the bond equivalent yield

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Reference no: EM13806652

A U.S. Treasury bill with 89 days to maturity is quoted at a discount yield of 4.17 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.)

Bond equivalent yield %

Reference no: EM13806652

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