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If a 6-month T-Bill with a face value of $100 is purchased at a 9%...

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Finance

If a 6-month T-Bill with a face value of $100 is purchased at a 9% annual discount, the buyer will pay $95.5(4.5% for six months) and will have received $100 at maturity. The holding period return on this T-Bill is
a.
3.65
b.4.71
c.5.54
d.6.00
e.7.32 f.8.8 g.9.6
h.10 i.-$13
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