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A n i n v e s t o r i n v e s t e d A U D $ 2 5 ,

An investor invested AUD$25,000,000 in 83-day Australian bank-accepted bills discounted at a yield of 1.60% per annum, 83 days ago. The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 84-day Australian bank-accepted bills discounted at a yield of 1.63% per annum. The total market value of the 84-day bills invested today will be $?________20daysfromtoday.In20daysfromtoday,those84-daybillsinvestedtodaywillbe64-daybills.Assumethereare365daysinonecalendaryearanddiscountyieldsremainunchangedoverthenext20days.
(Answermustbecorrecttothenearestcent,butyoumayleaveyouranswerwithmorethan2decimalplaces.)[Hint:Calculatethetotalfacevalueoftheof83-daybillsfirst.]
a.25113305
b.25113308
C.25113311
d.25113314
e.25113317
f.25113320
g.25113323
h.25113326
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