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Help me solve this. Show your work. 20) Suppose that you purchase a 91-day Treasury bill for $9,850 that is worth $10,000 when it matures.
Help me solve this. Show your work.
20) Suppose that you purchase a 91-day Treasury bill for $9,850 that is worth $10,000 when it matures. The security's annualized yield if held to maturity is about A) 4 percent. B) 5 percent. C) 6 percent. D) 7 percent. Answer: CStep by Step Solution
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