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Venus company needs to raise additional funding of $200,000 to purchase inventory. The company has decided to raise the funds through the issue of a
"Venus company needs to raise additional funding of $200,000 to purchase inventory. The company has decided to raise the funds through the issue of a 60-day bank-accepted bill rollover facility. The bank has agreed to discount the bill at a yield of 7.8%. At what face value will the initial bill be drawn?"
A) $202,564.38
B) "$202,465.35 "
C) $197,468.08
D) "$202,630.14 "
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