Question: Express your answer in raw decimal form to four (4) decimal places. 1. What is the price per $100 par value of an Australian commercial

Express your answer in raw decimal form to four (4) decimal places.

1. What is the price per $100 par value of an Australian commercial bill with 58 days to maturity at the settlement date if the quoted interest rate is 2.12% per annum?

2. A zero with 3 years to maturity is currently trading for $94.081 per annum. What is the interest rate per annum of this bond? (par value is $100)

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