[Solved] A company draws a $1million in 120-day Ba

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A company draws a $1million in 120-day Bank Accepted Bill (BAB). Current interest rate is 8% p.a. What is the market price of this BAB

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A company draws a $1million in 120-day Bank Accepted Bill (BAB). Current interest rate is 8% p.a. What is the market price of this BAB today

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