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An investor purchased a 91 -day, $5000.00 T-bill on its issue date for After holding it for 83 days, she sold the T-bill for a
An investor purchased a 91 -day, $5000.00 T-bill on its issue date for After holding it for 83 days, she sold the T-bill for a yield of 3,36%
(a) What was the original yield of the T-bill?
(b) For what price was the T-bill sold?
(c) What rate of return (per annum) did the investor realize while holding this T-bill?
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