Business
Business, 13.10.2019 09:01, lovelyheart5337

The treasury department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. what would be the effective rate of interest? round your answer to the nearest hundredth percent.

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The treasury department auctioned $21 billion in 3-month bills in denominations of $10,000 at a disc...

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