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A company issues a bank-accepted bill to fund a short-term business project. The bill is issued for 180 days, with a face value of $1,750,000
A company issues a bank-accepted bill to fund a short-term business project. The bill is issued for 180 days, with a face value of $1,750,000 and a yield of 9.25% per annum. What amount will the company raise to fund the project
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