Question
If a company sells (discounts) a bank bill with a face value of $500000, a term to maturity of 120 days, and a yield of
If a company sells (discounts) a bank bill with a face value of $500000, a term to maturity of 120 days, and a yield of 4.78% per annum, the company will raise $_______________ on the issue? (Ignore transaction fees, two decimal places)
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
