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Suppose you pay $9,700 for a $10,000 par Treasury bill maturing in 3 months. What is the effective annual rate of return for this investment?
Suppose you pay $9,700 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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Financial Markets And Institutions
Authors: Jeff Madura
10th Edition
1285531507, 9781285531502
