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An investor invested AUD$28,000,000 in 87-day Australian bank-accepted bills discounted at a yield of 2.73% per annum, 87 days ago. The investor has decided to

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An investor invested AUD$28,000,000 in 87-day Australian bank-accepted bills discounted at a yield of 2.73% per annum, 87 days ago. The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 141-day Australian bank-accepted bills discounted at a yield of 2.35% per annum. The total market value of the 141-day bills invested today will be s 20 days from today. In 20 days from today, those 141-day bills invested today will be 121-day bills. Assume there are 365 days in one calendar year and discount yields remain unchanged over the next 20 days. (Answer must be correct to the nearest cent, but you may leave your answer with more than 2 decimal places) (Hint: Calculate the total face value of the of 87-day bills first.1 Select one: a. 28218196 O b. 28218199 X C. 28218202 d. 28218205 e. 28218208 f. 28218211 g. 28218214 n. 28218217 Your answer is incorrect. The face value of the 87-day bills = $28182199.452055 The face value of the 141-day bills = $28438039.775026. The market value of the 141 day bills invested today will be $28218208.335568 in 20 days from today. In 20 days from today, those 141-day bills invested today will be 121-day bills. The correct answer is: 28218208

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