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Please show formula used and full working out (b) XYZ has just issued a 120 day bank accepted bill (BAB) with a face value of

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(b) XYZ has just issued a 120 day bank accepted bill (BAB) with a face value of 25 million when the interest rate is 5% p.a. How much is the BAB selling for? (c) ABC is a small company with no credit rating. Can the company still raise debt in the short-term money market? How

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