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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
Syed bought 168 day Government of Canada T-Bills on 30 April 2016, yielding 0.6%. The face value of the bills was $55 000. He immediately sold it to a client, Zeb, at a higher price that presented a yield to the client of 0.54%. Zeb sold the T-bills after 99 days, when the short term maturity had risen to 0.75%. What profit did Zeb make?
A) $15.11
B) $58.49
C) $0
D) $24.70
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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6 years ago Edited: A year ago, bio_man
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Hillier Author
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5 years ago
Thank you for helping
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A year ago
Y
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