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A firm in need of medium-term funding for approximately 1.5 years issues an $13,500,000 commercial bill with a 180-day rollover facility provided by a commercial

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A firm in need of medium-term funding for approximately 1.5 years issues an $13,500,000 commercial bill with a 180-day rollover facility provided by a commercial bank. Assume 365 days in a year. (a) If the yield at issue is 5.31%, what proceeds will the firm receive for the primary issue of the bill? $ (Round to 2 decimal places, and don't insert a comma into your answer. For example, use 1000, not 1,000) (b) On the first roll-over, if the yield at that time was 6.31%, how much will the firm have to pay the bank to execute the roll-over facility (i.e., the rollover fee)? $ (Round to 2 decimal places, and don't insert a comma into your answer. For example, use 1000, not 1,000)

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