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What is the role of the anz bank

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Reference no: EM132760083

Problem 1: ANZ arranges financing for Super Duper Pty Ltd with a 90 day bank bill with a Face Value of $500,000. City Investments buy the bill when it is first issued at a yield of 4.75% pa and sell it 30 days later to Prudential Investments at a yield of 4.55% pa. What is the role of the ANZ bank?

a. Discounter

b. Borrower

c. Drawer

d. Acceptor

e. Investor

Reference no: EM132760083

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