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Home Q & A Board Science-Related Homework Help Mathematics
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hellchicken hellchicken
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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 1.97%.

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

(i) risen to 2.0%. (ii) remained at 1.97%. (iii) fallen to 1.84%.

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). Round to the nearest 0.001%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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timmcgraw1994timmcgraw1994
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10 months ago
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hellchicken Author
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10 months ago
this is exactly what I needed
husne
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This site is awesome
ky
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Thanks
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