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What is the maximum would be willing to pay for t-bills

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Reference no: EM133009703

Problem 1: Government of Canada is raising funds by issuing T-bills that promises to pay $1,000 in one year. The current interest rate on such securities are 2.05%. What is the maximum you would be willing to pay for these T-bills today?

Option 1: $1,020.50

Option 2: $1,025.00

Option 3: $975.61

Option 4: $979.91

Option 5: $1,205.00

Reference no: EM133009703

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