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Calculate total face value of of sixty three-day bills first

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Problem 1: An investor invested AUD$35,000,000 in 63-day Australian bank-accepted bills discounted at a yield of 1.86% per annum, 63 days ago. The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 93-day Australian bank-accepted bills discounted at a yield of 2.92% per annum. The total market value of the 93-day bills invested today will be $_____________ 20 days from today. In 20 days from today, those 93-day bills invested today will be 73-day bills. Assume there are 365 days in one calendar year and discount yields remain unchanged over the next 20 days. (Answer must be correct to the nearest cent, but you may leave your answer with more than 2 decimal places.) [Hint: Calculate the total face value of the of 63-day bills first.]

a. 35168203
b. 35168206
c. 35168209
d. 35168212
e. 35168215
f. 35168218
g. 35168221
h. 35168224

Reference no: EM132930717

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