If you buy a $10,000 par value, three-month T-bill priced at $9,800, what will your return (not annualized) on investment be?

A) 8.2%
B) 6.5%
C) 2.04%
D) 4.08%

Answer: C
Explanation: C) ($10,000 - $9,800)/$9,800 = 2.04%

Business

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