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TDK Industries Approached a Bank in April to Organise Financing

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Essay

TDK Industries approached a bank in April to organise financing through a 180-day bank bill facility.The facility will begin in June using 90-day bank bills with a total face value of $10 million.The company wishes to know what they can do now to hedge against interest rate risk.Assume that June and September BAB futures contracts are currently trading at 95.70 and 95.30 respectively and that 90-day BBR in June is 4% and in September it is 5%.Demonstrate the effective interest rate established for the duration of the bill facility, through the use of bank bill futures contracts.

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Marijuana

A psychoactive drug derived from the Cannabis plant, used for medical or recreational purposes, known for its effective properties.

MDMA

A psychoactive drug primarily used recreationally for its effects on mood, perception, and increased energy.

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Describes a substance that is in a state or phase of matter where it has a definite volume but adapts to the shape of its container.

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Materials with a definite chemical composition, which can be elements or compounds, and are involved in chemical processes.

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