Question: You bought a 1-year Treasury bill with a face value of $1,000 for $816.86. 9 months later, you sold it for $950.69. What was your

You bought a 1-year Treasury bill with a face value of $1,000 for $816.86. 9 months later, you sold it for $950.69.

What was your annualized return?

Can I see the formula to account for this answer?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!