Solved

What Is the Price of a Bill with 45 Days $\$ 979174.76$

Question 6

Multiple Choice

What is the price of a bill with 45 days to maturity,a face value of $1 000 000 and a yield of 6.75% p.a.?

A) $\$ 979174.76$
B) $\$ 983032.59$
C) $\$ 991746.76$
D) $\$ 994382.15$

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