Question
The discount on a 91-Treasury bill is 5.75 percent. What is the annually compounded rate of return? (Assume a 360-day discount basis.) Multiple Choice 5.3
The discount on a 91-Treasury bill is 5.75 percent. What is the annually compounded rate of return? (Assume a 360-day discount basis.)
Multiple Choice
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5.3 percent
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6.0 percent
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5.7 percent
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5.6 percent
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
