Essay
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January 2 for $48 000.76. The T-bills were sold on September 28 for $48 999.99.
a) What was the market yield rate on January 2?
b) What was the yield rate on September 28?
c) What was the rate of return realized?
Correct Answer:
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a) S = 50 000; P = 48 000.76; t = 
= ...View Answer
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Correct Answer:
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= ...View Answer
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