Question
You purchase a 245-day Treasury bill for $9980.49 that is worth $10,000 when it matures. What is the T-bills annualized discount rate? Submit your answer
You purchase a 245-day Treasury bill for $9980.49 that is worth $10,000 when it matures. What is the T-bills annualized discount rate? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)\
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Economics And Personal Finance
Authors: Irvin Tucker, Joan Ryan
1st Edition
1133562108, 978-1133562108
