1. What is the initial price of a 182-day, $200,000 Government of Canada T-bill that yields 4.04% per annum

b. Assume the Treasury Bill in the question above was bought by Investor 1. Investor 1 then sold the T-Bill 30 days after issuance for $196,000 to Investor 2. Assume the answer to question a. was $197,000. Complete the T-Bill trading worksheet ONLY NOT THE FIRST PART

Face Value Term Issue Date Maturity Date Days after #Days to Deal Date Prior Deal maturity Deal Rate Borrower Investor 1 Investor 2 Total of investors 1 2 B Maturity Net Interest over 'their' duration of transation Duration (days party earns/loses or pays interest) Interest per day Annualized Interest Principal (amount initially borrowed or lent) Net Annual Rate of Interest earned / Lost Borrowing Rate' when initially borrow $ - sell/ issue T-Bill) Lending Rate' when initially lends when buy T-Bill) Face Value Term Issue Date Maturity Date Days after #Days to Deal Date Prior Deal maturity Deal Rate Borrower Investor 1 Investor 2 Total of investors 1 2 B Maturity Net Interest over 'their' duration of transation Duration (days party earns/loses or pays interest) Interest per day Annualized Interest Principal (amount initially borrowed or lent) Net Annual Rate of Interest earned / Lost Borrowing Rate' when initially borrow $ - sell/ issue T-Bill) Lending Rate' when initially lends when buy T-Bill)