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With the assistance of the Commonwealth Bank, Daryl's Delights Ltd will issue 90 day bank bills with a face value of $2 million. (a) Calculate
With the assistance of the Commonwealth Bank, Daryl's Delights Ltd will issue 90 day bank bills with a face value of $2 million. (a) Calculate the price if the bank bills are initially purchased by the Macquarie Cash Fund at a yield 3. of 3.25% pa (b) 40 days later the Macquarie Cash Fund decide to sell the bank bills. Market yields have increased to 3.5% p.a. How much do they receive
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