A money market security that has a par value of $10,000 sells for $8,816.70. If...
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Finance
A money market security that has a par value of $10,000 sells for $8,816.70. If the security has a maturity of two years, what is the investors required rate of return? Assume that a newly issued three-month T-bill with a par value of $1,000 sells for $970. What is the T-bill discount What is the logic of this relationship?
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