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majarm majarm
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6 years ago
Tracey bought a 182-day Government of Canada treasury bill at the price to yield an annual rate of return of 4.68%.
a) What was the price paid by Tracey if the T-bill has a face value of $100 000?
b) Later the same day, Tracey sold this T-bill to a large corporation to yield 4.48%. What was Tracey's profit on this transaction?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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