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(1) A single payment security matures in 80 days and has a maturity value of $20,000. What would be price be if: (a) A discount

(1) A single payment security matures in 80 days and has a maturity value of $20,000. What would be price be if: (a) A discount rate of 4% is applied (b) A discount rate of 7% is applied

Assume that this is an Australian security, so Days in a Year (diy) is 365. (8%)

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