Essay
What would be the annualized return to an investor who purchases a one-year $10,000 T-bill for $9,600 and sells it on the secondary market 90 days after the purchase for $9,750? (Round to the nearest one hundredth of a percent.)
(a)3.5 percent
(b)6.34 percent
(c)10.14 percent
(d)16.22 percent
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(b)($9,750...View Answer
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