Question
What is the effective annual return on a $1 million Treasury bill that currently sells at 97.375 percent of its face value and is 65
What is the effective annual return on a $1 million Treasury bill that currently sells at 97.375 percent of its face value and is 65 days from maturity?
16.11%
15.14%
14.54%
10.00%
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Financial Regulation In The Global Economy
Authors: Richard J. Herring , Robert E. Litan
1st Edition
0815791550, 9780815752837, 9780815791553
