You are analyzing a U.S. T-Bill that matures in 49 days. The face value is $1,000 and the current price is $995.68. Calculate the Investment Rate for this T-Bill. 3.28

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A:

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International Bonds

A bond is fixed-income security where a lender comes into a contract with the borrower. The borrower agrees to make payment and interest at a specified date in the future or on maturity period. It is a type of financing that helps to fulfill and meet obligations. Many people invest in bonds because it is a simple form of security.