6. 16. Bank bill prices [LO 7.2] Cunderdin Investments is buying a 180-day bank bill today. The...
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6. 16.
Bank bill prices [LO 7.2] Cunderdin Investments is buying a 180-day bank bill today. The bill matures in 180 days’ time. The bill has a face value of $500 000 and the current market yield on this bill is 2.8 per cent per annum. What is the price that Cunderdin Investments will have to pay to buy the bill today?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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