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Parachute Pty Ltd issues a 60 -day bill with a face value of $500,000, which is currently yielding 6.2%. What price would be initially paid

Parachute Pty Ltd issues a 60 -day bill with a face value of $500,000, which is currently yielding 6.2%. What price would be initially paid to purchase this bill? a. $505,095.89 b. $494,955.52 C. $493,685,67 d. $494,886.18 e. $493,782.01

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