Question: need hellpppp Ivanhoe issues a bank-accepted bill to pay its debt. The bill is issued for 212 days, with a face value o 500000 and
Ivanhoe issues a bank-accepted bill to pay its debt. The bill is issued for 212 days, with a face value o 500000 and a yield of 4.24 per cent per annum. 1. What amount will the company raise to fund the project? ( 3 marks) After 77 days, the bank bill is sold by the original discounter into the secondary market for $3447 326.50. The purchaser holds the bill to maturity. What is the yield received by: 2. the original discounter of the bill? (3 marks) 3. the holder of the bill at the date of maturity? ( 4 marks)
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