The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2021, was 1.03%. A client sold the $100,000 T-bill after 69 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short-term interest for this maturity had risen to 1.15% by the date of sale? Do not include the dollar sign in your answer. Do not include the comma usually used to denote thousands. Do not include the percent sign in your answer. a.) How much did the client pay for the T-bill on its issue date? lint T killf..
The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2021, was 1.03%. A client sold the $100,000 T-bill after 69 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short-term interest for this maturity had risen to 1.15% by the date of sale? Do not include the dollar sign in your answer. Do not include the comma usually used to denote thousands. Do not include the percent sign in your answer. a.) How much did the client pay for the T-bill on its issue date? lint T killf..
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 14P
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