An Australian 90- day bank bill with nominal interest rate of 6% per annum will have a 90- day rate of return equal to:
A) 1.50%.
B) 1.52%.
C) 1.47%.
D) none of the above.

Question

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The Answer of An Australian 90- day bank bill with nominal interest rate of 6% per annum will have a 90- day rate of return equal to:
A) 1.50%.
B) 1.52%.
C) 1.47%.
D) none of the above.

An Australian 90- Day Bank Bill with Nominal Interest Rate