On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold

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On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 5 May 2021 at 3.87% p.a. (simple interest).

b) What was her selling price (rounded to four decimal places)?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 05, 2023 02:10 AM

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On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold

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Expert Answer:

The holding period for Annabel was from 12 March 2021 to 5 May 2021 which is 54 days Th... View the full answer

Income Tax Fundamentals 2013

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