What is the yield on a bank discount basis

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Reference no: EM132032449

If a treasury note with 180-day maturity and $1 million face value is currently at $899,000. What is the yield on a bank discount basis?

Please show work and explanation.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132032449

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