Tracey bought a 182-day Government of Canada treasury bill at the price to yield an annual rate of return of 4.68%.
a) What was the price paid by Tracey if the T-bill has a face value of $100 000?
b) Later the same day, Tracey sold this T-bill to a large corporation to yield 4.48%. What was Tracey's profit on this transaction?

Question

Quizplus · Accepted Answer

The Answer of Tracey bought a 182-day Government of Canada treasury bill at the price to yield an annual rate of return of 4.68%.
a) What was the price paid by Tracey if the T-bill has a face value of $100 000?
b) Later the same day, Tracey sold this T-bill to a large corporation to yield 4.48%. What was Tracey's profit on this transaction?

Tracey Bought a 182-Day Government of Canada Treasury Bill at the Price