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Home Q & A Board Science-Related Homework Help Mathematics
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steveberrings steveberrings
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10 months ago
A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield 2.1%.
Round all prices to the nearest dollar, and rates of return to the nearest 0.001%.

a) What price did the investor pay?
b) Calculate the market value of the T-bill 85 days later if the rate of return then required by the market has:

(i) risen to 2.4%. (ii) remained at 2.1%. (iii) fallen to 1.8%.

c) Calculate the rate of return actually realized by the investor if the T-bill is sold at each of the three prices calculated in part (b).
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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hmging94hmging94
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10 months ago
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steveberrings Author
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10 months ago
This site is awesome
Holly72492
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Helped a lot
gage
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Thanks
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