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Windows 7: need help with math/finance problem

10 Mar 2011   #1
theski232

Windows 7 Home Premium 64 Bit
 
 
need help with math/finance problem

here is the problem that i am having trouble with:
A 10-month T-bills were sold at a discount of 7.430%. What was the simple annual yield r?
I have not been able to solve this, please help
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