(Solution) If The Bid And Asked Quotes Of A Treasury Bill With 234 Days To Maturity Are 4.94 And 4.935, Respectively. There Are 365 Calendar Days In That Year. | Snapessays.com

(Solution) If the bid and asked quotes of a Treasury bill with 234 days to maturity are 4.94 and 4.935, respectively. There are 365 calendar days in that year.

If the bid and asked quotes of a Treasury bill with 234 days to maturity are 4.94 and 4.935, respectively. There are 365 calendar days in that year.  An investor buying the bill with a face value of \$100,000 and holding it to maturity would earn an effective annual rate of return of  ???%.  (Note: answer must be accurate to 2 decimal places.)Explain the answer

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This question was answered on: May 23, 2022

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