An investor purchased a 182-day, $100,000.00 T-bill on its issue date for $99,119.11. After holding it for 59 days, she sold the T-bill for a yield of 1.66%.
a.What was the original yield of the T-bill?
b.For what price was the T-bill sold?
c.What rate of return (per annum) did the investor realize while holding this T-bill?