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What is her annualised yield on her 60-day

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Question (a) Mackenzie purchased a 60-day $200 000 bank bill (at simple interest) on 14 March 2023. The purchase price was $197 000. She sold this bank bill on 22 April 2023.

Question (b) Assume that Mackenzie sold this bank bill at a price of $197 800 and deposited all sale proceeds into an account to earn simple interest of 2.81% p.a. What is her annualised (simple interest) yield on her 60-day investment from 14 March 2023?

 

Reference no: EM133520888

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