What amount will the company raise to fund

Reference no: EM133291121

Ivanhoe issues a bank-accepted bill to pay its debt. The bill is issued for 212 days, with a face value of$3500000 and a yield of4.24per cent per annum.

Question 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$3447326.50. The purchaser holds the bill to maturity. What is the yield received by:

Question 2. the original discounter of the bill?

Question 3. the holder of the bill at the date of maturity?

Reference no: EM133291121

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