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A $25,000, 170-day Government of Canada Treasury bill was purchased on its date of issue to yield 2.3%. (Do not round intermediate calculations and round
A $25,000, 170-day Government of Canada Treasury bill was purchased on its date of issue to yield 2.3%. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. What price did the investor pay? Purchase price b. Calculate the market value of the T-bill 88 days later if the rate of return then required by the market has: Market value (1) Risen to 2.64 (11) Renained at 2.35 (111)Pollen to 2.0 c. Calculate the rate of return actually realized by the investor if the T-bill is sold at each of the three prices calculated in Port (b). (1) - (51) - (ii)
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