A nine-month T-bill with a face value of $10,000 currently sells for $9,600. Calculate the annualized simple

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A nine-month T-bill with a face value of $10,000 currently sells for $9,600. Calculate the annualized simple interest rate.

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Financial Markets And Corporate Strategy

ISBN: 9780077119027

1st Edition

Authors: David Hillier, Mark Grinblatt, Sheridan Titman

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