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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Nn.160. Subject :- Finance
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