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(a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9780. What annual simple interest rate does
(a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9780. What annual simple interest rate does this earn? (Round your answer to one decimal place.) (b) If the bank charges a fee of $50 to buy a T-bill, what is the actual interest rate you earn? (Round your answer to one decimal place.) Need Help? Need t Wich
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Investments An Introduction
Authors: Herbert B. Mayo
12th edition
1305638417, 978-1337430937, 1337430935, 978-1305638419
