A Treasury auction is held for $100MM Face-Value of 7-year, zero coupon bonds. If auction-investors pay $66MM for the bo

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answerhappygod
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A Treasury auction is held for $100MM Face-Value of 7-year, zero coupon bonds. If auction-investors pay $66MM for the bo

Post by answerhappygod »

A Treasury auction is held for $100MM Face-Value of 7-year, zero
coupon bonds.
If auction-investors pay $66MM for the bonds, what is
rrf? Do not round intermediate calculations.
Round your answer to 4 decimal places and do not represent your
answer as a percent. IE: write 0.2672 not 26.72%.
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