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 $2\mathrm{.}5\%,$ how much will a T Bill with a $$1,000,000$ face value cost to purchase?

$$1,186,541\mathrm{.}69$

$$1,090,069\mathrm{.}91$

$$1,186,759\mathrm{.}98$

$$993,805\mathrm{.}73$

$$993,862\mathrm{.}67$

$$1,090,194\mathrm{.}79$

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?

$$13,458\mathrm{.}31$

$$6,194\mathrm{.}27$

$$6,137\mathrm{.}33$

$$9,805\mathrm{.}21$

$$13,240\mathrm{.}02$

$$9,930\mathrm{.}09$

Assume that you need to sell the T Bill acquired above after you have held it $30$ days. If BEYs are $3\%$ when you sell the T Bill, what BEY will you earn?

$5\mathrm{.}48\%$

$2\mathrm{.}80\%$

$4\mathrm{.}21\%$

$1\mathrm{.}48\%$

$3\mathrm{.}12\%$