Question
You submit a noncompetitive bid to purchase a 28-day $1,000.00 Treasury bill, and you find that you are buying the bond for $999.96222. What is
You submit a noncompetitive bid to purchase a 28-day $1,000.00 Treasury bill, and you find that you are buying the bond for $999.96222. What is your investment (return) rate?
A)0.000238 B)0.000229 C)0.000450 D)0.000492
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
