On its issue date, an investor paid $99,760 for a $100,000 face value, 98-day Government of Canada
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On its issue date, an investor paid $99,760 for a $100,000 face value, 98-day Government of Canada T-bill. What was the investor's required rate of return?
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Effectively the interest earned by the b...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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