Question
Today is 14th October 2021, Anne just bought a 270-day $100 000 bank bill for $98,300. She will sell this bank bill on 25 November
Today is 14th October 2021, Anne just bought a 270-day $100 000 bank bill for $98,300. She will sell this bank bill on 25 November 2021 at 2.24% p.a. (simple interest). b) What is her selling price (rounded to four decimal places)? a. 99742.9092 b. 98370.0222 c. 98799.4647 d. 98620.0755
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International Finance Theory And Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Global Edition
1292238739, 978-1292238739
