Question
You purchase a 149-day Treasury bill for $9927.90 that is worth $10,000 when it matures. What is the T-bills annualized investment rate? Submit your answer
You purchase a 149-day Treasury bill for $9927.90 that is worth $10,000 when it matures. What is the T-bills annualized investment rate? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
