Calculate the percentage return on a 1-year treasury bill


Calculate the percentage return on a 1-year treasury bill with a face value of $10,000 if you pay $9,162.46 to purchase it and receive its full face value at maturity.

The percentage return is     %. (Round to two decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Calculate the percentage return on a 1-year treasury bill
Reference No:- TGS02811873

Expected delivery within 24 Hoursrs

2015 ©TutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.