What is the annual rate of return


Problem: An investment dealer acquired a $100,000.00, 364-day Province of New Brunswick treasury bill on its date of issue at a price of $97,491.61. What is the annual rate of return? The rate of return is%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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Finance Basics: What is the annual rate of return
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