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What is the yield to maturity per annum available to brooke

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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.

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

Problem (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: EM132754703

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