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Treasury Wine Estates issues a 90-day bill today. The face value of this bill is $1 million with a yield of 7.7% p.a. What is
Treasury Wine Estates issues a 90-day bill today. The face value of this bill is $1 million with a yield of 7.7% p.a. What is the total amount of interest paid at maturity?
O a. $18,632.54 O b. $19,013.67 O c. None of the options O d. $19,651.46 O e. $18,986.30
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