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5. 90day bank bills with face values of $100,000 are priced to yield 6.25% p.a. If bank interest rates are 5% p.a. (compounded daily), identify

5. 90day bank bills with face values of $100,000 are priced to yield 6.25% p.a. If bank interest rates are 5% p.a. (compounded daily), identify an arbitrage opportunity

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