Question
A 186-day T-bill is selling for $19,604. The par is $20,000. The effective annual return on the T-bill is: DON'T MAKE INTERMEDIATE ROUNDINGS. PRESENT YOUR
A 186-day T-bill is selling for $19,604. The par is $20,000. The effective annual return on the T-bill is:
DON'T MAKE INTERMEDIATE ROUNDINGS. PRESENT YOUR ANSWER AS PERCENT ROUNDED TO ZERO DECIMAL PLACES. DONT WRITE THE PERCENTAGE SYMBOL( FOR EXAMPLE IF THE ANSWER IS 44% JUST WRITE 44 )
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Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
