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Solve the following 2 questions about T-Bills: a) If an investor buys a $50,000, 90-day T-bills for $49,250 and holds it till maturity, the annualized
Solve the following 2 questions about T-Bills:
a) If an investor buys a $50,000, 90-day T-bills for $49,250 and holds it till maturity, the annualized return (on a simple basis) is:
b) A newly issued T-bill with a $10,000 par value that sells for $9,850 and has a 90-day maturity has a discount return of:
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