Question
Suppose you pay $9,950.85 for a $10,000 par Treasury bill maturing in 2 months. What is the effective annual rate of return for this investment?
Suppose you pay $9,950.85 for a $10,000 par Treasury bill maturing in 2 months. What is the effective annual rate of return for this investment?
| A. | 3.00 percent | |
| B. | 2.00 percent | |
| C. | 4.00 percent | |
| D. | 1.00 percent Please show work |
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Cryptocurrency QuickStart Guide
Authors: Jonathan Reichental
1st Edition
1636100406, 978-1636100401
