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A Government of Canada V121780 issue 364-day T-bill achieved its highest rate of return on May 17, 2000, with a yield of 6.31%. It realized its lowest rate of return on May 6, 2009, with a yield of 0.42%. Calculate the purchase price of a $55,000 T-bill on each of these dates. In dollars, how much more yield did an investor realize in 2000 than in 2009?

Reference no: EM132921789

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