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In March 2022,ABC Ltd has raised a 90- day Bank Accepted Bill with a face Value of 1,000,000AUD.The current interest rate is 3.75p.a. (a)is this
In March 2022,ABC Ltd has raised a 90- day Bank Accepted Bill with a face Value of 1,000,000AUD.The current interest rate is 3.75p.a. (a)is this an example of a primary or secondary market transaction?Explain. (b)was this transaction carried out in the money market or capital market?Justify your classification by explaining what distinguishes these two markets. (c)was ABC Ltd undertaking direct or indirect financing?justify your answer. (d)how much was ABC Ltd able to raise?
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