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5. You purchase a $1,000 treasury bill for $850. You hold until the bond is paid ba (maturity). What is the effective rate of
5. You purchase a $1,000 treasury bill for $850. You hold until the bond is paid ba (maturity). What is the effective rate of return for this investment?
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
