Darren purchased 250 000 in 364 day T bills 315 days before

Last updated: 8/12/2023

Darren purchased 250 000 in 364 day T bills 315 days before maturity to yield 2 86 After holding it for 120 days Darren sold the T bill for a yield of 3 25 a How much did Darren pay for the T bills b For how much did Darren sell the T bills c What rate of return per annum did Darren realize on the investment