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

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A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield 3.1%.
a. What price did the investor pay?
b. CalculatethemarketvalueoftheT-bill85dayslateriftherateofreturnthen required by the market has:
(i) risen to 3.4%. (ii) remained at 3.1%.
(iii) fallen to 2.8%.
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).
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