Calculate the Simple Rate of Return on a $1,000,000 181-Day

question 117

Multiple Choice

Calculate the simple rate of return on a $1,000,000 181-day Treasury Bill that was issued for $970,639.

• A) 6.1%
• B) 5.9%
• C) 4.9%
• D) 5.5%
• E) 7.7%

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