Multiple Choice
A Treasury bill with a face value of $1,000 is selling for $990. If this instrument matures in 30 days, what is its annualized return?
A) 11.04%
B) 12.68%
C) 13.01%
D) 11.61%
E) 12.87%
Correct Answer:
Verified
Correct Answer:
Verified
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