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A 3-month Treasury bill (TBill 1) is issued onto the market with a face value of 100. The bill is bought on the primary market

image text in transcribed A 3-month Treasury bill (TBill 1) is issued onto the market with a face value of 100. The bill is bought on the primary market at 95, the following day a new 3month Treasury bill (TBill 2 ) is bought on the primary market at 94. The approximate annualised return on the (TBill 1) on issue was: Select one: a. 5.26% and its price will fall on the secondary market. b. 21.05% and its price will fall on the secondary market. c. 21.05% and its price will rise on the secondary market. d. 5.26% and its price will rise on the secondary market. A 3-month Treasury bill (TBill 1) is issued onto the market with a face value of 100. The bill is bought on the primary market at 95, the following day a new 3month Treasury bill (TBill 2 ) is bought on the primary market at 94. The approximate annualised return on the (TBill 1) on issue was: Select one: a. 5.26% and its price will fall on the secondary market. b. 21.05% and its price will fall on the secondary market. c. 21.05% and its price will rise on the secondary market. d. 5.26% and its price will rise on the secondary market

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