Tiffany Purchased a $10,000, 13-Week Treasury Bill That Is Paying

question 63

Multiple Choice

Tiffany purchased a $10,000, 13-week Treasury bill that is paying 2.25%. What is the effective rate on this T-bill? (round to the nearest hundredth of a percent)

• A)2.2%
• B)2.7%
• C)2.26%
• D)2.0%
• E)None of these

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