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QUESTION
AnotherNewZombie Bank has just issued 180-day bank bills with a face value of $1,000,000. If the current 180-day bill rate is 5.4% p.a., what is the
AnotherNewZombie Bank has just issued 180-day bank bills with a face value of
$1,000,000. If the current 180-day bill rate is 5.4% p.a., what is the current value of these bank bills? Enter your answer to the nearest dollar.
