The average rate of return on a 182-day Government of Canada treasury bill sold on June 18,

Question:

The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2017 was 0.96%. A client sold the $50 000 T-bill after 53 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short-term interest for this had risen to 1.05% by the date of sale?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...