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Item6 Time Remaining 19 minutes 52 seconds 00:19:52 Item 6 Time Remaining 19 minutes 52 seconds 00:19:52 An investor buys a T-bill at a bank

Item6

Time Remaining 19 minutes 52 seconds

00:19:52

Item 6

Time Remaining 19 minutes 52 seconds

00:19:52

An investor buys a T-bill at a bank discount quote of 5.40 with 90 days to maturity for 9,865.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is _____.

Multiple Choice

5.74%
5.47%
5.55%
5.40%

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