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You purchase an 8 1/2s February $10,000 par Treasury note at 105:16 and hold it for exactly one year at which time you sell it.

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You purchase an 8 1/2s February $10,000 par Treasury note at 105:16 and hold it for exactly one year at which time you sell it. What is your rate of return if your selling price is 105:16? a. 8.47 percent b. 8.22 percent c. 8.50 percent d. 8.06 percent e. 8.00 percent

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