The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2021, was 0.96%. A client sold the $50 000 T-bill after 53 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short-term interest for this maturity had risen to 1.05% by the date of sale?

Answer  the above question.