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Tassle company has negotiated with CBA for a 360-day bill facility with a face value of $5 million and an acceptance fee of 75 basis

  1. Tassle company has negotiated with CBA for a 360-day bill facility with a face value of $5 million and an acceptance fee of 75 basis points using 120-day bank bills. The first parcel is issued at a market yield of 4.15% the second at 4.06% and the third at 4.00%. what is the net cash flow for the company at the 120-day rollover?
    1. $77,838
    2. $4,922,162
    3. $65,861
    4. $79,271
    5. $76,882
  2. Which of the following do not provide retail banking services?
    1. Foreign subsidiary banks
    2. Branches of foreign banks
    3. Building societies
    4. Credit unions

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