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Listen The purchaser of a 180-day T-bill with a face value of $125,000 paid $121,320.00 for it. After 60 days, interest rates had increased
Listen The purchaser of a 180-day T-bill with a face value of $125,000 paid $121,320.00 for it. After 60 days, interest rates had increased and she sold the T-bill for $122,433.95. What rate of return per annum did she realize while holding the T-bill? Round to the nearest 0.01%
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
