Question
Which constitutes a better investment, a 3-month T-bill paying 5.25% annually or a 1-year T-bill paying 5.35%? (Disregard decimals beyond the hundredth's place.) Group of
Which constitutes a better investment, a 3-month T-bill paying 5.25% annually or a 1-year T-bill paying 5.35%? (Disregard decimals beyond the hundredth's place.)
Group of answer choices
The price of the T-Bills must be given to arrive at a correct choice
12-month T-bill
3-month T-bill
They are equivalent investments
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
