Assume the $11,700 Treasury bill, 6% for 10 weeks. Calculate the effective rate of interest. (Use calendar year. Round your answer to he nearest hundredth percent.) Effective rate of interest
Assume the $11,700 Treasury bill, 6% for 10 weeks. Calculate the effective rate of interest. (Use calendar year. Round your answer to he nearest hundredth percent.) Effective rate of interest
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Brill Problem 11-7 (Algo) [LU 11-1 (4))
the nearest hundredth percent.)
Assume the $11,700 Treasury bill, 6% for 10 weeks. Calculate the effective rate of interest. (Use calendar year. Round your answer to
Effective rate of interest
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