The purchaser of a 168 day T-bill with a face value of $100,000 paid $97,320.00 for it. After 60 days, interest rates had increased and she sold the T-bill for $97,833.95. What rate of return per annum did she realize while holding the T-bill?

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The Answer of The purchaser of a 168 day T-bill with a face value of $100,000 paid $97,320.00 for it. After 60 days, interest rates had increased and she sold the T-bill for $97,833.95. What rate of return per annum did she realize while holding the T-bill?

The Purchaser of a 168 Day T-Bill with a Face