Calculate the amount that woodside would raise

Reference no: EM133016567

Question: Woodside Petroleum Ltd wants to issue euro commercial paper (ECP) into the London euro note market. The 90-day ECP issue has a face value of USD100 million and a yield of 5.75 per cent per annum. Calculate the amount that Woodside would raise. Assume that there are 365 days in a year. Show all working steps, including definition/description of the variables used in the formula.

Reference no: EM133016567

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