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A Treasury Bill maturity in 180 days with $10,000 maturity value is purchased for $9,950. Find...

A Treasury Bill maturity in 180 days with $10,000 maturity value is purchased for $9,950. Find its quoted rate and the effective annual rate of return on this T-Bill. Assume 365 days in a year. How will the answer change if you assume 366 years, because it happens to be a leap year?

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inyerest rates increase if we consider more number of days in a year.

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