Syed bought 168 day Government of Canada T-Bills on 30 April 2016. yielding 0.6%. The face value of the bills was $55 000. He immediately sold it to a client at ahigher price that presented a yield to the client of 0.54%. What profit did Syed make?Select one:O A. $15.11OB. SOOC. $54 863.64OD. $54 848.53

Treasury bills are issued by the government and quite risk free investment and issued on the…

Answered: yed bought 168 day Government of Canada…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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yed bought 168 day Government of Canada T-Bills on 30 A sigher price that presented a yield to the client of 0.54% W elect one O A $15.11 8.50 OC $54 863.64 OD. 554 848.53