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What is the annualized yield based on an annual effective

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An investor buys a $500,000 par value T-bill with 180 days till maturity for $482,000. He plans to sell it after 30 days, and forecasts a selling price of $487,000 at that time. What is the annualized yield based on an Annual Effective Yield (EAR or AER or compound) basis?

Reference no: EM131825904

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