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The discount on a 91-Treasury bill is 5.2 percent. What is the annually compounded rate of return? (Assume a 360-day discount basis.) Multiple Choice: 4.8
The discount on a 91-Treasury bill is 5.2 percent. What is the annually compounded rate of return? (Assume a 360-day discount basis.)
Multiple Choice:
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4.8 percent
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5.2 percent
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5.4 percent
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5 percent
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