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A party buys a T-bill with N days to maturity and sells it 36 days later. The quoted yield is the same on both

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A party buys a T-bill with N days to maturity and sells it 36 days later. The quoted yield is the same on both days. Which of these statements is true: The holding period return will be zero The holding period return will be positive The holding period return will be negative The answer depends on the quoted yield

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