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6. A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January 2 for $48 000.76. The T-bills were

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6. A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January 2 for $48 000.76. The T-bills were sold on September 28 for $48 999.99. What was the market yield rate on January 2? A) 3.98% B) 4.64% C) 5.12% D) 3.82% E) 4.18%

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