Question
you have a $5 million obligation to pay in 3 years time. At present you have the funds invested in 3 month bank bills, and
you have a $5 million obligation to pay in 3 years time. At present you have the funds invested in 3 month bank bills, and you plan on rolling into new bills during the next 3 years until the funds are required. What risk do you face in this situation?
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Financial and Managerial Accounting
Authors: John J Wild, Ken W. Shaw
8th edition
1260247856, 978-1260247855
