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A parcel of 90 day Bank Accepted Bill (BAB) with a face value of $10 million is purchased at 6.75% p.a. and sold 50 days

A parcel of 90 day Bank Accepted Bill (BAB) with a face value of $10 million is purchased at 6.75% p.a. and sold 50 days later when yields have decreased to 6.5% p.a. a) Calculate the holding period a...

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