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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Definitions:

American Anthropological Association

A professional organization dedicated to advancing the study of humanity in all its aspects, including cultural, biological, archaeological, and linguistic anthropology.

Matrix

A mathematical structure used to organize a set of numbers into rows and columns, facilitating operations such as addition, subtraction, and multiplication.

Colonial Era

The period in history when nations established and expanded colonies in other lands, often characterized by domination and exploitation of the colonized people.

Hearth

Traditionally, the floor of a fireplace, but more broadly refers to a home or a place of warmth and comfort.