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Author Question: Government of Manitoba 364-day T-bills with a face value of $2 000 000 were purchased on April 17 ... (Read 85 times)

bcretired

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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?


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Marked as best answer by bcretired on Jun 6, 2019

Edwyer

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