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An investor in England purchased a 91-day T-bill for $996.75. At that time, the exchange rate was $1.50 per pound. At maturity, the exchange rate
An investor in England purchased a 91-day T-bill for $996.75. At that time, the exchange rate was $1.50 per pound. At maturity, the exchange rate was $1.48 per pound.
- What is the annualized yield of the 91-day T-bill?
- What was the investors holding period return in pounds?
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
