What is the current value of these bank bills

Assignment Help Financial Management
Reference no: EM131934226

AnotherNewZombie Bank has just issued 180-day bank bills with a face value of $7,000,000. If the current 180-day bill rate is 5.9% p.a., what is the current value of these bank bills? Enter your answer to the nearest dollar.

Reference no: EM131934226

Questions Cloud

What is the spread on the issue in percentage terms : What is the spread on the issue in percentage terms? what net amount should Trump Card Co. receive?
Identify the null and alternative hypotheses : Conduct a goodness of fit analysis which assesses orders of a specific item by size and items you received by size.
Paper on Advance Directives in the Orthodox Community : Assignment - PICOT Research Paper. The topic chose is: Advance Directives in the Orthodox Community. What is the quality of the literature review
What is meant by the coping zone : What is meant by the coping zone? What are the implications for staff and customers of a supermarket when the operation enters the coping zone?
What is the current value of these bank bills : what is the current value of these bank bills? Enter your answer to the nearest dollar.
Importance for financial system : Explain what each of these functions are and their importance for the financial system.
Breach of the ethical requirements state : ACC305 - You need to state whether they are or are not a breach of the ethical requirements of APES110 and if they are a breach of the ethical requirements
What should the new organizational structure look like : What should the new organizational structure look like? Where should I put each person, specifically the managers?
Describe the motivation for development and funding : Provide descriptive examples of the application and beneficiaries of e-health. Describe the motivation for development and funding for each aspect of e-health.

Reviews

Write a Review

Financial Management Questions & Answers

  What is the cost of the marginal bad debts

Sheep Shank Farms Ltd is considering extending the credit period offered to customers from 30 to 60 days. It is expected that customers will continue to pay on the net date.  What additional profit contribution from sales will be realised from the pr..

  What will be the amount of each withdrawal

If the interest rate is 10%, what will be the amount of each withdrawal?

  Investors expectations for inflation change

The yield-to-maturity of a bond will change over time as investors' expectations for inflation change. Specifically, if people think inflation will go up (down), the yield-to-maturity on existing bonds should go up (down) as well. In a typical year, ..

  Create new monthly budget for quadrupled production

create a new monthly budget for quadrupled production.

  What is the weighted average cost of capital

You are provided the following information: Debt $ 90000 Equity $ 90000 The shares trade at $ 10; the growth rate is 7%. Dividends last year were $ 1.00. What is the WACC if the CFO decides on changing the capital structure to 60% debt and 40% equity..

  Summarize the implications of the portfolio return and risk

Summarize the implications of the portfolio return and risk with respect to what you learned about beta and the CAPM.

  Project coefficient of variation

Assuming that all cash flows are discounted at 10%, calculate the effect of waiting on the project's risk, using the same data. By how much will delaying reduce the project's coefficient of variation? (Hint: Use the expected NPV.)

  Compute percentage total return

Suppose a stock had an initial price of $77 per share, paid a dividend of $1.3 per share during the year, Compute the percentage total return.

  Calculate the NPV of proposed new store based on estimates

Calculate the NPV of the proposed new store based on the estimates of Marty’s managers.

  How much free trade credit does firm receive during year

Buskirk Construction buys on terms of 2/15, net 60 days. how much "free" trade credit does the firm receive during the year?

  Financial institutions markets either direct

The Funds between the financial institutions and financial institutions markets either direct or indirect finance.

  Pay for share of this stock today

A stock is expected to pay the following dividends per share over the next four years, respectively: $0.00, $2.30, 2.60, and $2.90. If you expect to be able to sell the stock for $95.83 in four years and your required rate of return is 6%, what is th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd