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Problem:

An investor buys a T-bill at a bank discount quote of 5.50 with 180 days to maturity. The investor's actual annual rate of return on this investment is _____.

  • 5.58%
  • 6.91%
  • 5.66%
  • 5.73%

Note: Show all workings.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91149499

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