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Hillier Hillier
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Posts: 550
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6 years ago
Average rate of return or yield on a 6-month Government of Canada treasury bills sold on June 18, 2013 was 1.04% (http://www.bankofcanada.ca/rates/interest-rates/t-bill-yields/). At this yield, what price was paid for a T-bill with a face value of $50 000?
A) $50 260
B) $49 740
C) $49 741.35
D) $260
E) $258.65
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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