Thomas can invest $10,000 by purchasing a one-year T-bill for $9,775, or he can place the $10,000
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Thomas can invest $10,000 by purchasing a one-year T-bill for $9,775, or he can place the $10,000 in a twelve-month CD paying 2.5%. Which investment will provide a higher return? In addition to return, what else should Thomas consider when making his investment decision?
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We must determine the Tbill return ...View the full answer
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