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You are working as a treasurer for a successful Toronto-based tech company. Your company has $25,000,000 of idle cash and you consider the June 12,

You are working as a treasurer for a successful Toronto-based tech company. Your company has $25,000,000 of idle cash and you consider the June 12, 2020 Bank of Canada overnight rate of 0.2393% as a short term investment opportunity. You will need the cash back in 25 days. Calculate the interest income you will get in this period (25 days). For simplicity, ignore the transaction costs and taxes. Assume that there are 365 days in one year.

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