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d) All Tracks Investments Ltd is buying a 90-day bank bill today. The bill matures in 90 days' time. The bill has a face value

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d) All Tracks Investments Ltd is buying a 90-day bank bill today. The bill matures in 90 days' time. The bill has a face value of $100,000 and the current market yield on this bill is 2.55% pa. What is the price that the company will have to pay to buy the bill today? [Show all steps, workings, and formula(s) clearly. Round final answer to two decimal places, where applicable.] (2 marks) Click here to enter text

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