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An investor buys a T-bill at a bank discount quote of 5.40 with 150 days to maturity. The investor's actual annual rate of return on

An investor buys a T-bill at a bank discount quote of 5.40 with 150 days to maturity. The investor's actual annual rate of return on this investment is _____.

5.45%
5.60%
6.36%
5.52%

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