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What is the yield to maturity per annum available to Brooke

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Reference no: EM132764017

Question - 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.

Required -

(a) What is the discount rate per annum?

(b) What is the yield to maturity per annum available to Brooke?

Reference no: EM132764017

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