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part 3 please You have just inherited a large sum of money. You want to invest the inheritance in Government of Canada Treasury Bills until
part 3 please
You have just inherited a large sum of money. You want to invest the inheritance in Government of Canada Treasury Bills until you gain a better understanding of finance. If 91-day T Bills currently have a Bond Equivalent Yield (BEY) of 2.5%, how much will a T Bill with a $1,000,000 face value cost to purchase? O$994,085.92 $994,534.58 $993,805.73 05994,268.00 If you purchase the T Bill you valued in the question above, how much interest will you earn if you hold the T Bill to maturity? O$5,465.42 @$6,194.27 O$5,732.00 O$5,914.08 Assume that you need to sell the T Bill acquired above (in Question #6) after you have held it for 30 days. If BEYs are 3% when you sell the T Bill , what BEY will you earn? 03.0% 04.596 03.5% 4.0%Step by Step Solution
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