A company sells a 180-day bill with a face value of $100 000 yielding 3.75% into the money markets. After 90 days, the holder of the bill chooses to sell the bill when current 90-day bills are yielding 3.50%. If the new holder holds it to maturity, what yield would be obtained by the new holder? (3 marks) Need to find selling price after 90 days = buying price of new holder so use 3.50% NOW, using $100,000 as face value as the new holder holds bill to maturity Find yield So new holder's yield =