Question: Coles Group Ltd issues a 90-day bill with a face value of $1 million, yielding 7.75% per annum. What price will be paid for this

Coles Group Ltd issues a 90-day bill with a face value of $1 million, yielding 7.75% per annum. What price will be paid for this bill by an investor? Your response must be entered as a numerical value with O decimal places and excluding the dollar sign ($).

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