A 90 Day Government Bill was Bought by an Investor
July 30, 2020

A 90 Day Government Bill was Bought by an Investor for $5 Only
A 90 day government bill was bought by an investor for a price of $ 95 per $ 100 nominal. After 30 days the investor sold the bill to a second investor for $ 97.50 per $ 100 nominal. The second investor held the bill to maturity when it was redeemed a par.
Determine which investor obtained the highest ANNUAL EFFECTIVE RATE OF RETURN
Price of Answer: Just $5 only (Instant Download)
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