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An investor purchased a 1 8 2 - day, $ 2 5 0 0 0 Province of Ontario bill on its date of issue for
An investor purchased a day, $ Province of Ontario bill on its date
of issue for $ and sold it days later for $
a What simple interest rate of return was implied in the original price?
b What simple interest rate of return did the market require on the sale
rate?
c What simple interest rate of return did the original investor actually
realize during the day holding period?
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