Commonwealth Bank agrees to establish a 270-day bill facility using 90-day bank bills. The face value of the facility is $10 million, and the issuer (borrower) is charged an acceptance fee of 60 basis

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 Commonwealth Bank agrees to institute a 270-day account dexterity using 90-day bank accounts. The visage treasure of the dexterity is $10 favorite, and the issuer (borrower) is pregnant an tally fee of 60 cause points. Calculate the net specie flows from 1) the issuer’s and 2) the bank’s perspective, respectively. Briefly elucidate what each of the specie flows stands for. (The earliest package is issued at a market furnish of 4.80% p.a., the avoid at 4.65% and the third at 5.00%.)

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