Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
7th Edition
ISBN: 9780133856439
Author: Arthur J. Keown
Publisher: PEARSON
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Chapter 5, Problem 6PA
Summary Introduction
To determine:
The percentage return on a 1 year treasury bill with a face value of $10,000 if paid $9,800 today to purchase it and receive its full value on maturity.
Introduction:
Treasury bills refer to short term debt instruments which are issued by U.S treasury. These are issued for a term of one year or less. These are world’s safest debt instruments as they are assured by credit of United States government.
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Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
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