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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
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 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 ratesStep by Step Solution
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