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Ninety days ago you bought a bank-accepted bill with a $1,000,000 face value. You own the bill for 40 days and then sell it. What
Ninety days ago you bought a bank-accepted bill with a $1,000,000 face value. You own the bill for 40 days and then sell it. What is the sale price if the relevant interest rate is 6.55% p.a?
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