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Question
A bank buys a $10,000 Treasury bill with a maturity of 1 year. Current market rates are 8%. If interest rates rise to 8.25%, what is the approximate change in the price of the T-bill?a. -0.02%
b. -0.23%
c. -2.31%
d. -23.15%
e. -231.15%
Answer
This answer is hidden. It contains 60 characters.
Related questions
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