ley 770. 13. An investment dealer bought a 182-day Government of Canada treasury bill at the...

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ley 770. 13. An investment dealer bought a 182-day Government of Canada treasury bill at the price required to yield an annual rate of return of 3.38% a) What was the price paid by the investment dealer if the T-bill has a face value of $1 000 000? b) Later the same day, the investment dealer sold this T-bill to a large corporation to yield 3.25%. What was the investment dealer's profit on this transaction? 14. Meher purchased a $100 000.00, 182-day T-bill on April 4, 2012. a) If the annual rate of return is 4.2%, calculate the purchase price. b) Calculate the selling price of the bill if it is sold on June 20, 2012 to yield 3.19%. c) Calculate the rate of interest realized. ley 770. 13. An investment dealer bought a 182-day Government of Canada treasury bill at the price required to yield an annual rate of return of 3.38% a) What was the price paid by the investment dealer if the T-bill has a face value of $1 000 000? b) Later the same day, the investment dealer sold this T-bill to a large corporation to yield 3.25%. What was the investment dealer's profit on this transaction? 14. Meher purchased a $100 000.00, 182-day T-bill on April 4, 2012. a) If the annual rate of return is 4.2%, calculate the purchase price. b) Calculate the selling price of the bill if it is sold on June 20, 2012 to yield 3.19%. c) Calculate the rate of interest realized.