An investor invested AUD$89,000,000 in 163-day Australian bank-accepted bills discounted at a yield of 2.17% per annum, 163 days ago. The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 109-day Australian bank-accepted bills discounted at a yield of 1.94% per annum. The total market value of the 109-day bills invested today will be $_____________ 20 days from today. In 20 days from today, those 109-day bills invested today will be 89-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 163-day bills first.]

Select one: a. 89957537 b. 89957540 c. 89957543 d. 89957546 e. 89957549 f. 89957552 g. 89957555 h. 89957558

I got a same question with answer, but the number is different. But I really don't know the process of the calculation. plz provide the answer of the above question n the process. Thx

An investor invested AUD$81,000,000 in 151-day Australian bank-accepted bills discounted at a yield of 2.88% per annum, 151 days ago. The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 102-day Australian bank-accepted bills discounted at a yield of 1.75% per annum. The total market value of the 102-day bills invested today will be 20 days from today. In 20 days from today, those 102-day bills invested today will be 82-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 151- day bills first.] Select one: a. 82043353 b. 82043356 c. 82043359 d. 82043362 e. 82043365 f. 82043368 g. 82043371 O h. 82043374 Your answer is correct. The face value of the 151-day bills = $81965076.164384 The face value of the 102-day bills = $82365919.071105. The market value of the 102-day bills invested today will be $82043365.01959 in 20 days from today. In 20 days from today, those 102-day bills invested today will be 82-day bills. The correct answer is: 82043365