Solved

You Buy a $10,000 Par Treasury Bill at $9,575 and Sell

Question 28

Multiple Choice

You buy a $10,000 par Treasury bill at $9,575 and sell it 60 days later for $9,675. What was your EAR?


A) 4.44 percent
B) 6.29 percent
C) 6.35 percent
D) 6.52 percent
E) 6.67 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents