Q.21 )You just won a $2,000,000 lottery. Although tempted to spend your win, you have decided to invest the $2,000,000 in Government of Canada Treasury Bills until you gain a better understanding of finance. If 157-day T Bills currently have a Bond Equivalent Yield (BEY) of 3.8%, how much will a T Bill with a $2,000,000 face value cost to purchase?

Multiple Choice

• $1,396,373.12

• $1,219,452.89

• $1,967,835.33

• $1,532,457.21

Main question:

If you purchase the T Bill you valued in Question #21 (a $2,000,000 Face Value, 157 days to maturity and a BEY of 3.8%), how much interest will you earn if you hold the T Bill to maturity?

Multiple Choice

• $24,285.45

• $32,164.67

• $52,636.78

• $37,846.64

I want to know about answer for main question