Multiple Choice
Tiffany purchased a $10,000, 13-week Treasury bill that is paying 2.25%. What is the effective rate on this T-bill? (round to the nearest hundredth of a percent)
A) 2.2%
B) 2.7%
C) 2.26%
D) 2.0%
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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