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The price of a 180-day Treasury bill is quoted as 10.50. What continuously compounded return (on an actual/365 basis) does an investor earn on the

The price of a 180-day Treasury bill is quoted as 10.50. What continuously compounded return (on an actual/365 basis) does an investor earn on the Treasury bill for the 180-day period?

a. 21.87%

b. 10.27%

c. 10.79%

d.22.47%

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