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23-05-2023
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A bank bill with 47 days to maturity is quoted at a discount rate of 6.85%. What is the value of the security (per $100 of face value) on a discount rate basis? (Assume a 365-day year.)
a.
$99.126
b.
$100.540
c.
$100.556
d.
$99.118

Respuesta :

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