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GFOA Exam CPFO Topic 9 Question 30 Discussion

Actual exam question for GFOA's Certified Public Finance Officer exam
Question #: 30
Topic #: 9
[All Certified Public Finance Officer Questions]

A275-day T-bill was purchased at a 0.6% discount and was sold at an 8.50% discount after a 30-day holding period. What is the yield?

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Suggested Answer: B

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