What is the per annum simple interest rate for investment

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Reference no: EM131495694

As a result of a treasury bill auction, 3-month T-bills were issued in February 2009 at a price of $993.25 per $1000 face value. How much interest would be recieved on the maturity date for an investment of $100,000? What is the per annum simple interest rate for this investment, rounded to the nearest thousandth of a percent?

Reference no: EM131495694

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