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A $ 5 0 , 0 0 0 , 1 7 2 - day Government of Canada Treasury bill was purchased on its date of
A $day Government of Canada Treasury bill was purchased on its date of issue to yield Do not round
intermediate calculations and round your final answers to decimal places.
a What price did the investor pay?
Purchase price $
b Calculate the market value of the Tbill days later if the rate of return then required by the market has:
c Calculate the rate of return actually realized by the investor if the Tbill is sold at each of the three prices calculated in Part b
i
ii
iii
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