Question
The purchaser of a 180-day T-bill with a face value of $125.000 paid $121.320.00 for it. After 60 days interest rates had increased and she
The purchaser of a 180-day T-bill with a face value of $125.000 paid $121.320.00 for it. After 60 days
interest rates had increased and she sold the T-bill for $122,433.95. What rate of return per annum did she
realize while holding the -bill? Round to the nearest 0.01%.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
