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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).
a) What is the (simple interest) purchase yield for her purchase (expressed as a percentage and rounded to three decimal places)?
a.
2.338% p.a.
b.
3.507% p.a.
c.
15.029% p.a.
d.
8.767% p.a.
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