CFA Level I sample question

CFA Level I Yield and Yield Spread Measures for Floating-Rate Instruments question

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Yield and Yield Spread Measures for Floating-Rate Instruments sample question

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8. Yield and Yield Spread Measures for Floating-Rate Instruments

A 180-day Treasury bill with a face value of 1,000,000 is priced at 985,000. Using a 360-day year, the discount-basis yield is closest to:

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