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Suppose that you purchase a 91-day Treasury bill for $9,500 that is worth $10,000 when it matures. The security's annualized investments rate is about Select
Suppose that you purchase a 91-day Treasury bill for $9,500 that is worth $10,000 when it matures. The security's annualized investments rate is about
Select one:
a. 20 percent.
b. 21 percent.
c. 19 percent.
d. 22 percent.
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