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No need to answer question 5.5 Question 5 (20) Investor A tenders for R1...

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Finance

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Question 5 (20) Investor A tenders for R1 000 000-00 91 day Treasury Bills at a price of R96.05, the first lot for R600 000-00 and the second lot for $400 000-00 (2) If his tender was successful how much must he pay for each of his tenders? Calculate the discount rate on these Treasury Bills Calculate the effective yield on these Treasury Bills Calculate in rand terms the interest he will have earned after 91 days 5.1 5.2 5.3 5.4 5.5 egotiable certificates of deposit and bankers acceptances are some of the money market instruments available to investors. Discuss these instruments in detail and how they are traded

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