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If a corporate investor purchases a 91-day treasury bill with a maturity value of GHS5,000,000.00 for GHS4,780,000.00. If the investor sells the t/bill for GHS4,930,000
If a corporate investor purchases a 91-day treasury bill with a maturity value of GHS5,000,000.00 for GHS4,780,000.00. If the investor sells the t/bill for GHS4,930,000 after 65 days, what is the annualized yield of this t/bill? (Assume 365 days in a year wherever necessary).
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