Question: A $ 1 0 0 , 0 0 0 , 1 6 8 - day Government of Canada Treasury bill was purchased on its date

A $100,000,168-day Government of Canada Treasury bill was purchased on its date of issue to yield 3.5%.
a. What price did the investor pay? (Do not round the intermediate calculations. Round your answer to 2 decimal places.)
Price $
b. Calculate the market value of the T-bill 85 days later if the annual rate of return then required by the market has (Do not round the intermediate calculations. Round your answers to 2 decimal places.):
(i) risen to 4.1%. $
(ii) remained at 3.5%. $
(iii) fallen to 3.1%. $
c. What rate of return was realized by the investor 85 days later if the T-bill was sold at a market rate of: 4.1%,3.5%,3.1%(Do not round the intermediate calculations. Round your answers to 3 decimal places):
(i) risen to 4.1%.
%
(ii) remained at 3.5%.
%
(iii) fallen to 3.1%.
%

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