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What is the discount rate per annum

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Reference no: EM132711550

Brooke has just purchased a bank accepted bill with 180 days to maturity at the price of $48,500. The bank accepted bill has a face value of $50,000.

(a). What is the discount rate per annum? (Please round the final answer in percentage to two decimal places)

(b). What is the yield to maturity per annum available to Brooke? (Please round the final answer in percentage to two decimal places)

Reference no: EM132711550

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