If a Company Sells (Discounts)a Bank Bill with a Face

question 36

Multiple Choice

If a company sells (discounts) a bank bill with a face value of $100 000,a term to maturity of 90 days,and a yield of 7.23% per annum,how much will the company raise on the issue? (Ignore transaction fees.)

• A) $84 869.90
• B) $98 248.49
• C) $98 269.99
• D) None of given answers.

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Definitions:

Moderate

Average in size, intensity, or degree; not extreme.

Conflict Intensity

Describes the degree or severity of discord or disagreements among individuals or groups, which can range from mild disagreements to severe disputes.

Moderate Levels

Refers to average or reasonable extents, degrees, or quantities, often used in the context of risk, consumption, activity, or intensity.

Positive Outcomes

The beneficial results or effects resulting from actions, interventions, or processes.