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Posted on Jul 31, 2024

Suppose that you purchase the T - bill maturing on November 1 8 , 2 0 2 3 , for $ 9 , 9 9

Suppose that you purchase the T

-

bill maturing on November

18, 2023,

for $

9, 993.793 .

The T

-

bill matures

133

days after the settlement date, July

9, 2023,

and has a face value of $

10, 000 .

What is the EAR of this T

-

bill?

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