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After 110 days, the bank bill is sold by the original discounter into the secondary market for $1,700,350. The purchaser holds the bill to maturity.
After 110 days, the bank bill is sold by the original discounter into the secondary market for $1,700,350. The purchaser holds the bill to maturity. What is the yield received by: I. the original discounter of the bill?II. the holder of the bill at the date of maturity?
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