If a $10,000 T-Bill Is Purchased for $9,600 and Matures

question 62

Multiple Choice

If a $10,000 T-bill is purchased for $9,600 and matures in 270 days, what will be the annualized return? (Round to the nearest hundredth of a percent.)

• A) 4.01%
• B) 4.17%
• C) 5.63%
• D) 2.85

---

Definitions:

Clearance Priced

Items sold at a significant discount to clear inventory, often due to overstock or the discontinuation of specific products.

Demand Level

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified time period.

Third-Shift

The night shift or graveyard shift in a 24-hour operation, typically running from late evening to early morning.