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True or False. Provide at least five sentences of Explanations or calculation. An investor buys a T‑bill with 180 days to maturity and $250,000 par value for $242,000. He plans to sell it after 60 d

True or False. Provide at least five sentences of Explanations or calculation. An investor buys a T‑bill with 180 days to maturity and $250,000 par value for $242,000. He plans to sell it after 60 days, and forecasts a selling price of $247,000 at that time. The annualized yield based on this expecta­tion is 12.57%? 

True or False. Provide at least five sentences of Explanations or calculation. An investor buys a T‑bill with 180 days to maturity and $250,000 par value for $242,000. He plans to sell it after 60 days, and forecasts a selling price of $247,000 at that time. The annualized yield based on this expecta­tion is 12.57%? 

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****** is * **** ********* ***** =1257%Buying ***** of * **** =$242000Sale ***** ** ** **** ************** ****** *************************** is earned in ** ********* *** 60 **** =$5000/$242000 **** ************** ***** = ***** *** 60 **** * ******** /60days) ****** ******* ******

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