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

question 12

Essay

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 one hundredth of a percent.)
(a)4 percent
(b)4.17 percent
(c)5.63 percent
(d)2.85 percent

---

Definitions:

Embryo

The early developmental stage of plants and animals, during which the organism is in its earliest form after fertilization.

Sexual Maturation

The process of achieving reproductive ability and development of secondary sexual characteristics.

Pubescence

The condition of having covered or partially covered surfaces in fine hairs or fuzz, often observed on plants or young animals.

Ovarian Follicle

In animals, oocyte and surrounding follicle cells.