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Posted on Mar 16, 2024

Suppose you pay $ 9 , 8 0 0 for a $ 1 0 , 0 0 0 par Treasury bill maturing in 3 months.

Suppose you pay $ $9, 800$ for a $ $10, 000$ par Treasury bill maturing in $3$ months. What is the effective annual rate of return for this investment?

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