An 8% 13-Week Treasury Bill Would Have an Effective Interest

question 27

Multiple Choice

An 8% 13-week Treasury bill would have an effective interest rate of (to the nearest hundredth percent) ? Assume it is a $10,000 Treasury bill.

• A) 8.20%
• B) 8.16%
• C) 8.17%
• D) 9.00%
• E) None of these

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Definitions:

Breach Of Fiduciary Duty

The failure to act in the best interest of another party, whom one owes a duty of trust and confidence.

Business Opportunity

An economic idea or investment that has potential for profit or provides an avenue for a successful venture.

Contract

A contract is a legally binding agreement between two or more parties that outlines obligations, rights, and duties each party has agreed to.

Breach Of Fiduciary Duty

A failure to act in the best interest of someone to whom a duty of care is owed, often seen in financial and legal relationships.