An investor invested AUD$25,000,000 in 83-day Australian bank-accepted bills discounted at a yield of 1.60% per annum, 83 days ago. The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 84-day Australian bank-accepted bills discounted at a yield of 1.63% per annum. The total market value of the 84-day bills invested today will be $_ 20 days from today. In 20 days from today, those 84-day bills invested today will be 64-day bills. Assume there are 365 days in one calendar year and discount yields remain unchanged over the next 20 days. (Answer must be correct to the nearest cent, but you may leave your answer with more than 2 decimal places.) [Hint: Calculate the total face value of the of 83-day bills first.] a. 25113305 b. 25113308 C. 25113311 d. 25113314 e. 25113317 O f. 25113320 g. 25113323 Oh. 25113326

An investor invested AUD$25,000,000 in 83-day Australian bank-accepted bills discounted at a yield of 1.60% per annum, 83 days ago. The investor has decided to roll over the value of that entire portfolio at maturity (which is today) into 84-day Australian bank-accepted bills discounted at a yield of 1.63% per annum. The total market value of the 84-day bills invested today will be $_ 20 days from today. In 20 days from today, those 84-day bills invested today will be 64-day bills. Assume there are 365 days in one calendar year and discount yields remain unchanged over the next 20 days. (Answer must be correct to the nearest cent, but you may leave your answer with more than 2 decimal places.) [Hint: Calculate the total face value of the of 83-day bills first.] a. 25113305 b. 25113308 C. 25113311 d. 25113314 e. 25113317 O f. 25113320 g. 25113323 Oh. 25113326

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter8: Analysis Of Risk And Return

Section: Chapter Questions

Problem 9P

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