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An investor buys a T-bill at a bank discount quote of 4.80 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 4.80 with 150 days to maturity. The investor's actual annual rate of return on this investment is?? I believe that the answer is 4.97 percent Can you please illustrate the solution on a financial calculator? I own a HP 12C
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