Does the fact that Repo Men has an expected return which is less than the t-bill rate

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Does the fact that Repo Men has an expected return which is less than the t-bill rate make any sense?

Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...
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Financial management theory and practice

ISBN: 978-0324422696

12th Edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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