The average rate of return on a 182-day Government of Canada treasury bill sold on June 18, 2021, was 0.94%. A client sold the $1,000 T-bill after 66 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short-term interest for this maturity had risen to 1.02% by the date of sale? Do not include the dollar sign in your answer. Do not include the comma usually used to denote thousands. Do not include the percent sign in your answer. a.) How much did the client pay for the T-bill on its issue date? b.) How much did the client sell the T-bill for? C.) What rate of return did the client realize on the T-bill? (Correct to exactly 4 decimal places.) Chart Chapter 8 - Simple Interest Applications Compute the maturity value. A nine month, 10.44%, promissory note for $722 is issued August 13, 2011. (The dates must be answered in the following format: January 1, 2012) (Do not include the $ sign when entering money values.) Legal due date = May 14, 2012 Number of days = 274 Maturity value = 778.53 Treasury bill yield. An investor purchased a 91 day, $100,000 T-bill on its issue date for $99,451.90. After holding it for 44 days, she sold the T-bill for a yield of 2.533% (This yield refers to the rate of return the buyer will receive on the T-bill.) (a) What was the original yield on the T-bill? (Provide a percentage correct to 3 decimal places.) (Do not include the % sign in your answer.) Original yield = 2.210 (b) For what price was the T-bill sold? (Do not include the $ sign in your answer.) Price T-bill sold for = 99674.89 (C) How much profit did the investment dealer make on this T-bill? (Do not include the $ sign in your answer.) Profit made by dealer = 222.99 (d) What rate of return (per annum) did the investor realize while holding this T-bill? (Provide a percentage correct to 3 decimal places.) (Do not include the % sign in your answer.) Original yield = 1.818
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