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
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
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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Transcribed Image Text: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 a
higher price that presented a yield to the client of 0.54%. What profit did Syed make?
Select one:
O A. $15.11
OB. SO
OC. $54 863.64
OD. $54 848.53
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