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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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