Return on T- bills. Lauren purchased a $ 40,000 T- bill for $ 38,400. A few months

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Return on T- bills. Lauren purchased a $ 40,000 T- bill for $ 38,400. A few months later, Lauren sold the T- bill for $ 39,000. What was Lauren’s return on the T- bill?

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Question Posted: Oct 13, 2015 05:26 AM

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Return on T- bills. Lauren purchased a $ 40,000 T- bill for $ 38,400. A few months

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