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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(TCO D) Edwards Co. includes one coupon in each bag of dogfood it sells. In return for four coupons, customers receive a dogtoy that the company purchases for $1.20 each. Edward’s experienceindicates that 60% of the coupons will be redeemed. During 2010,100,000 bags of dog food were sold, 12,000 toys were purchased, and40,000 coupons were redeemed. During 2011, 120,000 bags of dog foodwere sold, 16,000 toys were purchased, and 60,000 coupons wereredeemed. Instructions: Determine the premium expense to bereported in the income statement and the estimated liability forpremiums on the balance sheet for 2010 and 2011.
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The premium expense for 2020 is A.75,000. B.187,500. C.84,375. D.45,000.

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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