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9 (Total 5 marks) A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield 2.2 percent. (Hint: for

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9 (Total 5 marks) A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield 2.2 percent. (Hint: for short-term investments, we should automatically assume simple interest.) a) What price did the investor pay (two decimals)? Calculate the market value of the T-bill 86 days from the issue date if the rate of return then required by the market has risen to 2.4% (two decimals). (Hint t is the time to maturity.) b) Assume that the investor sold the T-bill 86 days from the date of issue. Calculate the annualized rate of return realized by the investor (% to two decimals). c)

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