Answered: Calculate the percentage return on a…

Calculate the percentage return on a 1-year Treasury bill with a face value of $10 comma 00010,000 if you pay $9 comma 859.819,859.81 to purchase it and receive its full face value at maturity.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the percentage return on a 1-year Treasury bill with a face value of

$10 comma 00010,000

if you pay

$9 comma 859.819,859.81

to purchase it and receive its full face value at maturity.

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