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ABC company wishes to raise $20m via an issue of 120 day bills at 5%...

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Question

Finance

ABC company wishes to raise $20m via an issue of 120 day bills at 5% pa. What is the face value of the issue?

A.

$20,111,652
B.

$19,852,444
C.

$20,328,767
D.

$19,676,550

Answer & Explanation Solved by verified expert
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