Suppose you pay $9,700 for a $10,000 par Treasury bill maturing in 5 months. What is the
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Question:
Suppose you pay $9,700 for a $10,000 par Treasury bill maturing in 5 months. What is the annual percentage rate of return for this investment(Non-compounding)?
Select one:
a.10.24%
b.9.12 %
c.8.89%
d.7.42%
Unsure I think its d.
Expert Answer:
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