What would be the underestimation of your earnings as an investor if you use the discount rate

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What would be the underestimation of your earnings as an investor if you use the discount rate instead of the investment rate to measure the return on your investment if you buy a \($5,000\) T-bill that matures in 91 days for $4,999.55?

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Financial Markets And Institutions

ISBN: 9780138043681

10th Edition

Authors: Frederic S Mishkin, Stanley Eakins

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