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An investor purchased a 364-day, $10,000.00 T-bill on its issue date for $9778.51. After holding it for 266 days, she sold the T-bill for a
An investor purchased a 364-day, $10,000.00 T-bill on its issue date for $9778.51. After holding it for 266 days, she sold the T-bill for a yield of 2.16%.
- What was the original yield of the T-bill?
- For what price was the T-bill sold?
- What rate of return (per annum) did the investor realize while holding this T-bill?
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