If the Average Rate of Return on 168-Day Government of Canada

question 108

Short Answer

If the average rate of return on 168-day Government of Canada Treasury bills sold at the Tuesday auction was 2.35%, what price was paid for a $100,000 face value T- bill?

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Definitions:

Significant Influence

This refers to the power to participate in the financial and operating policy decisions of an investee but is not control or joint control over those policies.

Intra-entity Transfers

Transactions involving the transfer of goods, services, or resources within the same legal entity.

Deferred Intra-entity Gross Profits

Profits resulting from intra-entity transactions that are not immediately recognized for accounting purposes but deferred to future periods.

Separate Income Tax Returns

Tax documents filed by individuals or entities separately, as opposed to joint or consolidated filings.