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An investor buys a T-bill at a bank discount quote of 5.10 with 180 days to maturity for 9,745.00. The bill has a face value
An investor buys a T-bill at a bank discount quote of 5.10 with 180 days to maturity for 9,745.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is _____.
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
