Izzy buys a $10,000 par Treasury bill at 93.17% of par value and sells it 123 days later for 99.88% of par value. What was her EAR? (Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.164))
Izzy buys a $10,000 par Treasury bill at 93.17% of par value and sells it 123 days later for 99.88% of par value. What was her EAR? (Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.164))
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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Izzy buys a $10,000 par Treasury bill at 93.17% of par value and sells it 123 days later for 99.88% of par value. What was her EAR? (Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.164))
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