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Assume that you bought a 13 week T-bill (Canadian) at a rate of interest of 0.0345 and face value of $5000. You decide to sell
Assume that you bought a 13 week T-bill (Canadian) at a rate of interest of 0.0345 and face value of $5000. You decide to sell it after 40 days to an investor that expects the rate of interest to be 0.0310. What ROR, in percent, did you earn?
Note - I need hand written solution.
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