An investor buys a T-bill at a bank discount quote of 3.60 with 180 days to maturity. The investor's actual annual rate of return (bond
An investor buys a T-bill at a bank discount quote of 3.60 with 180 days to maturity. The investor's actual annual rate of return (bond equivalent yield) on this investment is _____.
A.3.75%
B.3.97%
C.4.07%
D.4.14%
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Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
11th Edition
1032241829, 978-1032241821
