On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 29 May 2021 at 8.51% p.a. (simple interest).

a) What was the (simple interest) purchase yield Annabel paid (expressed as a percentage and rounded to three decimal places)?

a.

5.199% p.a.

b.

11.999% p.a.

c.

10.635% p.a.

d.

5.348% p.a.

b) What was her selling price (rounded to four decimal places)?

a.

97677.1046

b.

98213.9061

c.

97455.1653

d.

97900.0572

On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 29 May 2021 at 8.51% p.a. (simple interest).

c) What was her holding period yield, expressed as a percentage and rounded to three decimal places?

a.

0.650%

b.

0.850%

c.

1.920%

d.

3.426%