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Suppose that you purchase a 182-day Treasury bill for $9,750 that is worth $10,000 when it matures. What is the T-bills effective annual return (EAR)?

Suppose that you purchase a 182-day Treasury bill for $9,750 that is worth $10,000 when it matures.

What is the T-bills effective annual return (EAR)?

4.97%.

5.06%.

5.14%.

5.21%.

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