19) What would be your annualized discount rate% on the purchase of a 180-day Treasury bill for $4700 that pays $4800 at maturity?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
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Chapter6: Fixed-income Securities: Characteristics And Valuation
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19) What would be your annualized discount rate on the purchase of a 180-day Treasury bill
for $4700 that pays $4800 at maturity?
Transcribed Image Text:19) What would be your annualized discount rate on the purchase of a 180-day Treasury bill for $4700 that pays $4800 at maturity?
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