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An investor invested AUD$73,000,000 in 103-day Australian bank-accepted bills discounted at a yield of2.38% per annum, 103 days ago.The investor has decided to roll over

An investor invested AUD$73,000,000 in 103-day Australian bank-accepted bills discounted at a yield of2.38% per annum, 103 days ago.The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 108-day Australian bank-accepted bills discounted at a yield of2.14% per annum.The totalmarket value of the 108-day bills invested today will be $_____________ 20 days from today. In 20 days from today, those 108-day bills invested today will be 88-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 103-day bills first.]

Select one:

a.73576013

b.73576016

c.73576019

d.73576022

e.73576025

f.73576028

g.73576031

h.73576034

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