Calculate the percentage return on a​ 1-year Treasury bill with a face value of ​$10 comma 00010,000 if you pay ​$9 comma 859.819,859.81 to purchase it and receive its full face value at maturity.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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Calculate the percentage return on a​ 1-year Treasury bill with a face value of

​$10 comma 00010,000

if you pay

​$9 comma 859.819,859.81

to purchase it and receive its full face value at maturity.

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