choose option 1

Choose ONE of the following options. (5 marks) Option 1: A company issues a 120-day bill with a face value of $500,000, yielding 8.77% per annum. What is the discount amount (in 4 decimal places), i.e., the difference between the face value and the price, in dollars? Do not enter "\$" and "=" in your answer. Option 2: Calculate the bid exchange rate GBP/NZD, given the following quotes: GBP/USD 1.7351-55 USD/NZD 1.6122-27 Enter your numerical answer only