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An investor purchased a 182-day, $25,000 Province of Alberta Treasury bill on its date of issue for ...

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An investor purchased a 182-day, $25,000 Province of Alberta Treasury bill on its date of issue for ...

An investor purchased a 182-day, $25,000 Province of Alberta Treasury bill on its date of issue for $24,610 and sold it 60 days later for $24,750.
Round all rates of return to the nearest 0.001%.

a) What rate of return was implied in the original price?
b) What rate of return did the market require on the sale date?
c) What rate of return did the original investor actually realize during the 60-day holding period?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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Smart ... Thanks!

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