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ABC company wishes to raise $20m via an issue of 120 day bills at 5% pa. What is the face value of the issue? A.
ABC company wishes to raise $20m via an issue of 120 day bills at 5% pa. What is the face value of the issue?
| A. | $20,111,652 | |
| B. | $19,852,444 | |
| C. | $20,328,767 | |
| D. | $19,676,550 |
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
7th Edition
0136103227, 9780136103226
