ABC company wishes to raise $ 2 0 m via an issue of 1 2 0 day bills at 5 pa What is the face value of the issue

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ABC company wishes to raise $ 2 0 m via an issue of 1 2 0 day bills at 5 % pa . What is

ABC company wishes to raise $

20

m via an issue of

120

day bills at

5 %

.

What is the face value of the issue?

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