This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Government of Manitoba 364-day T-bills with a face value of $2 000 000 were purchased on April 17 ... (Read 47 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 6, 2019

Question 1

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?

Question 2

Government of Manitoba 364-day T-bills with a face value of $2 000 000 were purchased on April 17 for $1 945 970. The T-bills were sold on May 25 for $1 946 340.
a) What was the market yield rate on April 17?
b) What was the yield rate on May 25?
c) What was the rate of return realized?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bcretired on Jun 6, 2019

Edwyer

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


bcretired

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jun 6, 2019
Thanks


Edwyer

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 6, 2019
Welcome :)


« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Cushing syndrome. This syndrome includes the symptoms of obesity, moon face, hyperglycemia, and musc Cushing syndrome. This syndrome includes the symptoms of obesity, moon face, hyperglycemia, and musc
Face Mites Face Mites
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before
Face cradle adjustment for comfort of receiver. Face cradle adjustment for comfort of receiver.
April 17, 2023 April 17, 2023
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library