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lollie614 lollie614
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A year ago
A $500,000 268-day Treasury Bill was issued to Buyer #1 at 4.1%. 168 days before the T-Bill reached maturity it was sold by Buyer #1 at a rate that would provide Buyer #2 with a return of 3.4% if Buyer #2 held the T-Bill to maturity. What annual simple rate did Buyer #1 actually realize over the period that Buyer #1 held the T-Bill? Round to the nearest 0.01%

▸ 4.10%

▸ 3.09%

▸ 5.19%

▸ 4.47%

▸ 6.77%
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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Hollywood1971Hollywood1971
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A year ago
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Anonymous
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