Mathematics
Mathematics, 29.07.2019 10:30, 18sofia18

The treasury department auctioned $15 billion in 3-month bills in denominations of $10,000 at a discount rate of 3.750%. what would be the effective rate of interest? (use calendar year. do not round intermediate calculations. round your answer to the nearest hundredth percent.)

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The treasury department auctioned $15 billion in 3-month bills in denominations of $10,000 at a disc...

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