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QUESTION 2 The discount value of a Treasury Bill (TB) with a nominal value ...
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QUESTION 2
The discount value of a Treasury Bill (TB) with a nominal value of R1 000 000, issued for a period of 80 days at a consideration value of R 980 119.70
a. R 18 880, 30.
b. R 19 880, 30
c. R 20 880, 30.
d. R 21 880, 30.
NB: Use 365 days.
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