Dave has $20,000 excess cash to invest. He can purchase a $20,000 T-bill for $19,800 or two
Question:
Dave has $20,000 excess cash to invest. He can purchase a $20,000 T-bill for $19,800 or two $10,000 T-bills for $9,850 each. Which will give him the better return?
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He should purchase the two 10000 Tbills ...View the full answer
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Nicholas Maina
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