BHP Ltd has decided to issue a $3,000,000 face value 60-day bank-accepted bill into the market to fund the purchase of new machinery. The bill has a yield of 5.5% per annum. (a) Explain the process by which BHP issues the bank accepted bill to the market. In your answer explain the roles of the parties to a bank-accepted bill on both the issue date and the maturity date. (5 marks) (b) How much will BHP raise from the issue of this bill? (3 marks)