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An investor buys a one-year $1,000 face-value US treasury bill (or T-Bill) for $940. The investor expects to receive $1,000 at maturity in one year.
An investor buys a one-year $1,000 face-value US treasury bill (or T-Bill) for $940. The investor expects to receive $1,000 at maturity in one year. What is the anticipated rate of return on this investment?
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