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 7 November 2021 at 1.99% 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.

11.689% p.a.

b.

2.338% p.a.

c.

26.301% p.a.

d.

3.507% p.a.

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 7 November 2021 at 1.99% p.a. (simple interest).

b) What is her selling price (rounded to four decimal places)?

a.

98836.0632

b.

99869.3217

c.

98549.3003

d.

98676.5448