An investment dealer bought a 182-day Government of Canada treasury bill at the price required to yield an annual rate of return of 3.38%
a) What was the price paid by the investment dealer if the T-bill has a face value of $1 000 000?
b) Later the same day, the investment dealer sold this T-bill to a large corporation to yield 3.25%. What was the investment dealer's profit on this transaction?

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The Answer of An investment dealer bought a 182-day Government of Canada treasury bill at the price required to yield an annual rate of return of 3.38%
a) What was the price paid by the investment dealer if the T-bill has a face value of $1 000 000?
b) Later the same day, the investment dealer sold this T-bill to a large corporation to yield 3.25%. What was the investment dealer's profit on this transaction?

An Investment Dealer Bought a 182-Day Government of Canada Treasury