1.Explain why T-bills are considered the safest of all money market instruments. 2. At the beginning of...
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Question:
1.Explain why T-bills are considered the safest of all money market instruments.
2. At the beginning of the year, Katy purchased a 1-year T-bill with face value of $100 (the bill pays $100 at the end of the year) for$96. Calculate the investor's holding period return.
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