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A 182-day, $1,000,000 Government of Canada treasury bill yields 3.99% per annum is sold to Investor A a) What is the price of the T-bill?
A 182-day, $1,000,000 Government of Canada treasury bill yields 3.99% per annum is sold to Investor A a) What is the price of the T-bill? Ballpark estimate, i.e. rough guess. (please show your calculations): Precise / formula calculation: Reconciliation/Verification of precise answer: b) Assume the correct answer to a) was $980,000. The Treasury Bill was sold 65 days after the initial transaction for $990,900 by Investor A to Investor B. i. What is the dollar amount of interest earned by Investor A? A 182-day, $1,000,000 Government of Canada treasury bill yields 3.99% per annum is sold to Investor A a) What is the price of the T-bill? Ballpark estimate, i.e. rough guess. (please show your calculations): Precise / formula calculation: Reconciliation/Verification of precise answer: b) Assume the correct answer to a) was $980,000. The Treasury Bill was sold 65 days after the initial transaction for $990,900 by Investor A to Investor B. i. What is the dollar amount of interest earned by Investor A?
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