Multiple Choice
An investor purchased a 91-day, $100,000 T-bill on its date of issue for $97,500, and sold it 40 days later for $98,475. What rate of return did the original investor actually realize during the 40-day holding period?
A) 2.5%
B) 8.898%
C) 10.027%
D) 4.011%
E) 9.125%
Correct Answer:
Verified
Correct Answer:
Verified
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