Mathematics, 14.02.2020 00:31 sandlobster6274
A T-bill is a type of bond that is sold at a discount over the face value. For example, suppose you buy a 13-week T-bill with a face value of $10,000 for $9,800. This means that in 13 weeks, the government will give you the face value, earning you $200. What annual interest rate have you earned?
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A T-bill is a type of bond that is sold at a discount over the face value. For example, suppose you...
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