The Purchaser of a 168 Day T-Bill with a Face

question 71

Short Answer

The purchaser of a 168 day T-bill with a face value of $100,000 paid $97,320.00 for it. After 60 days, interest rates had increased and she sold the T-bill for $97,833.95. What rate of return per annum did she realize while holding the T-bill?

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Definitions:

Extracting

The process of retrieving data or information from a larger dataset or source.

Documenting

The process of creating records or detailed written descriptions of events, processes, conditions, or requirements, commonly used for reference, analysis, or proof.

Trojan Horse

A type of malicious software that disguises itself as legitimate software to gain access to a computer system for illicit purposes.

Pretexting

A form of social engineering where an attacker creates a fabricated scenario to deceive someone into divulging information or granting access to systems.