A bond trader buys five, 6-month Canadian Treasury bills, each with a face value of $1,000,000 and 182 days to expiration at a yield of 4.45%. She sells them 20 days later at a yield of 4.65%. How much money has she made for her firm? What is the effective annual rate of return on her investment?

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The Answer of A bond trader buys five, 6-month Canadian Treasury bills, each with a face value of $1,000,000 and 182 days to expiration at a yield of 4.45%. She sells them 20 days later at a yield of 4.65%. How much money has she made for her firm? What is the effective annual rate of return on her investment?

A Bond Trader Buys Five, 6-Month Canadian Treasury Bills, Each