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With regard to bank bills, the expression the issuer sells the bill at the best discount means the issuer: a. is selling the bill into

With regard to bank bills, the expression the issuer sells the bill at the best discount means the issuer:

a.

is selling the bill into the market at the lowest yield.

b.

is acting as mediator between the borrower and the bank.

c.

pays the lowest face value of the funds to the holder at maturity.

d.

is providing the funding.

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