Question
Today you buy T-Bill with 24% p.a. interest rate and 240 days to maturity. 24 days after this transaction you sell this T-Bill again with
Today you buy T-Bill with 24% p.a. interest rate and 240 days to maturity. 24 days after this transaction you sell this T-Bill again with interest rate of 24% p.a. What is the effective rate of return of this trade?
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
