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:

Shorter

Having lesser length, height, or duration than something else or than is typical.

Amplitude

In physics, it refers to the maximum extent of a vibration or oscillation, measured from the position of equilibrium.

Brightness

The perception of light intensity, often described in terms of the amount of light emitted or reflected by an object.

Colour

The characteristic of visual perception described through categories with names such as red, blue, yellow, etc., primarily caused by the spectrum of light interacting with the photoreceptor cells of the eye.