University of Sydney

FINC2011 (S1 2025) Regular Quiz 1 on Topic 4 Due on Friday 4 April

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A 90-day bank bill that promises to pay $300,000 at its maturity was issued 34 days ago. Calculate its price today if it is traded at a simple interest yield of 2.7% p.a. Assume one year has 365 days....

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