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Please show the workings A GBP 500,000 180-day bill is purchased with a yield of 6% and sold 90 days later with a yield of

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A GBP 500,000 180-day bill is purchased with a yield of 6% and sold 90 days later with a yield of 5%. A year has 365 days for GBP. Calculate the annual and the effective rate of return over the holding period for this investment. Explain the difference between these two rates

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