Investor actual annual rate of return


Problem:

An investor buys a T-bill at a bank discount quote of 5.50 with 180 days to maturity. The investor's actual annual rate of return on this investment is _____.

  • 5.58%
  • 6.91%
  • 5.66%
  • 5.73%

Note: Show all workings.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Investor actual annual rate of return
Reference No:- TGS0879597

Expected delivery within 24 Hours