Canada 3-Month Treasury Bill Yield is the yield received for investing in a Canadian government-issued treasury...

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Canada 3-Month Treasury Bill Yield is the yield received for investing in a Canadian government-issued treasury security with a maturity of 3 months. On December 14, 2022, Canada's 3-Month Treasury Bill Yield was 3.98%. An institutional investor (bought) longed for a 3-month T-bill in denominations of $10,000,000. On January 20, 2023, the investor sold the T-bill in the market with a yield of 4.33%. What is the return for this investor? Assume the investor bought the T-bill on its issuing day. Show your calculations. Canada 3-Month Treasury Bill Yield is the yield received for investing in a Canadian government-issued treasury security with a maturity of 3 months. On December 14, 2022, Canada's 3-Month Treasury Bill Yield was 3.98%. An institutional investor (bought) longed for a 3-month T-bill in denominations of $10,000,000. On January 20, 2023, the investor sold the T-bill in the market with a yield of 4.33%. What is the return for this investor? Assume the investor bought the T-bill on its issuing day. Show your calculations.

Answer rating: 100% (QA)

Step 12 Heres how to figure out the return for this investor The yield on the Tbill was 3... View the full answer