An investment dealer acquired a $10 000, 183-day Province of Quebec Treasury bill on its date of

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An investment dealer acquired a $10 000, 183-day Province of Quebec Treasury bill on its date of issue at a price of $9822.00. What was the annual rate of return?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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