A $100,000 Face Value Treasury Bill with 65 Days Remaining

question 98

Short Answer

A $100,000 face value Treasury bill with 65 days remaining to maturity, was purchased to yield 4.5% per annum simple interest. What is the corresponding equivalent effective rate of return?

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Definitions:

Social Interactions

Social interactions refer to the ways in which two or more individuals influence each other's behaviors and communications in the context of a social relationship. These interactions can be verbal or non-verbal and can encompass a wide range of activities including conversation, cooperation, and competition.

Social Markers

Features of speech style that convey information about mood, context, status, and group membership.

Group Membership

The affiliation or association with a specific group that shares common interests, goals, or characteristics, influencing individual identity and behavior.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' worldview or cognition, suggesting language influences thought and perception.