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QUESTION
Searching to find the optimal investment, you see a bid quote for a treasury bill to be 3.2 and the ask to be 2.
Searching to find the optimal investment, you see a bid quote for a treasury bill to be 3.2 and the ask to be 2.8. If this investment had a face value of $50,000, what would be your return if you purchased it?
A. 2.85%
B. 3.28%
C.4.05%
D.2.31%
E.3.92%
