NO.PZ2016082402000001
问题如下:
An investor buys a Treasury bill maturing in one month for $987. On the maturity date the investor collects $1,000. Calculate effective annual rate (EAR).
选项:
A.17.0%
B.15.8%
C.13.0%
D.11.6%
解释:
ANSWER: A
The EAR is defined by . So EAR = . Here, T = 1/12. So, EAR =