At some point in 2016, you purchased a 26-week T-Bill maturing on March 2, 2017....
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At some point in 2016, you purchased a 26-week T-Bill maturing on March 2, 2017. On the day of the purchase, the bid for the T-Bill was quoted at 0.473%, following the industry convention for TBill quotes. On the day of the purchase, the bid-ask spread (based on the actual bid and ask prices in dollars) was 0.0022%. When the T-Bill matured, you collected the T-Bills face value of $10,000 and realized the holding period return on your investment of 0.1030% What was the yield to maturity on that day? Use the ask price to compute the YTM and state your answer as an APR.
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