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What annualised return did we earn over the holding period

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Reference no: EM133065655

Question - We buy a 180-day bank bill with a face value of $1 million at 7.75% per annum.

a) How much do we pay for it?

b) We hold the bill for 32 days and then sell it at a yield of 7.10% per annum. At what price did we sell?

c) What annualised return did we earn over the holding period?

Reference no: EM133065655

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