An Australian company issued a 180-day bank-accepted bill domestically with a face value of $700000. The bill was discounted at a yield of 6.06% per annum, representing a price of $679687.58. After 14 days the discounter sells the bill in the short-term money market for $680291.67. The bill is not traded again in the market.

The yield to the current holder at maturity is?

Answer rating: 100% (QA)

To calculate the yield to the current holder at maturity we need to find the price that the cur... View the full answer