A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield

Question:

A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield 3.7%.
a. What price did the investor pay?
b. CalculatethemarketvalueoftheT-bill85days later if the annual rate of return then required by the market has:
(i) Risen to 4.0%.
(ii) Remained at 3.7%.
(iii) Fallen to 3.4%.
c. Calculate the rate of return actually realized by the investor if the T-bill is sold at each of the three prices calculated in Part (b).