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A 91 day Treasury- Bill (TB) has a price of 98.1. The TB has a face value of $100. Assume 365 days in a year.
A 91 day Treasury- Bill (TB) has a price of 98.1. The TB has a face value of $100. Assume 365 days in a year. Calculate the annualized return on the bill. [2 marks]
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
