Multiple Choice
Syed bought 168 day Government of Canada T-Bills on 30 April 2016, yielding 0.6%. The face value of the bills was $55 000. He immediately sold it to a client at a higher price that presented a yield to the client of 0.54%. What profit did Syed make?
A) $54 848.53
B) $54 863.64
C) $0
D) $15.11
Correct Answer:
Verified
Correct Answer:
Verified
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