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The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2021, was 0.94%. A client sold the $1,000
The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2021, was 0.94%. A client sold the $1,000 T-bill after 66 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short-term interest for this maturity had risen to 1.02% by the date of sale? Do not include the dollar sign in your answer. Do not include the comma usually used to denote thousands. Do not include the percent sign in your answer. a.) How much did the client pay for the T-bill on its issue date? b.) How much did the client sell the T-bill for? c.) What rate of return did the client realize on the T-bill? (Correct to exactly 4 decimal places.) Check Chapter 8 - Simple Interest Applications Compute the maturity value. A $310 promissory note is issued on March 1, 2010 at 5.21% for 76 days. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date May 17,2010 Number of days = 76 Maturity value = 313.36 Check Chapter 8 - Simple Interest Applications Compute the maturity value. A nine month, 10.44%, promissory note for $722 is issued August 13, 2011 (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = May 14, 2012 Number of days 274 Maturity value = 778.53 Compute the face (present) value. An twenty month promissory note dated February 16, 2013, with interest at 8.82% has a maturity value of $607.74. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = October 16, 2014 Number of days = 607 Present (face) value = 529.85 Check The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2021, was 0.94%. A client sold the $1,000 T-bill after 66 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short-term interest for this maturity had risen to 1.02% by the date of sale? Do not include the dollar sign in your answer. Do not include the comma usually used to denote thousands. Do not include the percent sign in your answer. a.) How much did the client pay for the T-bill on its issue date? b.) How much did the client sell the T-bill for? c.) What rate of return did the client realize on the T-bill? (Correct to exactly 4 decimal places.) Check Chapter 8 - Simple Interest Applications Compute the maturity value. A $310 promissory note is issued on March 1, 2010 at 5.21% for 76 days. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date May 17,2010 Number of days = 76 Maturity value = 313.36 Check Chapter 8 - Simple Interest Applications Compute the maturity value. A nine month, 10.44%, promissory note for $722 is issued August 13, 2011 (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = May 14, 2012 Number of days 274 Maturity value = 778.53 Compute the face (present) value. An twenty month promissory note dated February 16, 2013, with interest at 8.82% has a maturity value of $607.74. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = October 16, 2014 Number of days = 607 Present (face) value = 529.85 Check
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