Question
You bought a 1-year Treasury bill with a face value of $1,000 for $856.42. 3 Months later, you sold it for $890.26. What was your
You bought a 1-year Treasury bill with a face value of $1,000 for $856.42. 3 Months later, you sold it for $890.26.
What was your annualized return?
Please include Formula and what each formula component is
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
