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J.4 An investor purchases a Canadian Treasury bill with a value of $100,000 at maturity, remaining time to maturity of 73 days, and a price

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J.4 An investor purchases a Canadian Treasury bill with a value of $100,000 at maturity, remaining time to maturity of 73 days, and a price of $99,304.87. Let I be the annual effective yield of the T-bill and let Q be the quoted rate of the T-bill. Find the difference ) - Q. (a) 0.02% (b) 0.05% (c) 0.07% (d) 0.10% (e) 0.12%

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