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A T-bill that has 51 days of maturity is selling for $9,942. The T-bill has a face value of $10,000. What is the T-bills EAR?
A T-bill that has 51 days of maturity is selling for $9,942. The T-bill has a face value of $10,000. What is the T-bills EAR?
| 7.036% | ||
| 9.998% | ||
| 3.542% | ||
| 4.251% | ||
| 2.361% |
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Finance For Development
Authors: Barbara Stallings
1st Edition
0815780850, 978-0815780854
