Mary purchased a 180-day $100 000 bank bill at a yield of 5% p.a. (simpleinterest) on 15 April 2016. She sold the bank bill on 6 June 2016 at yield of4.5% p.a. (simple interest).

Mary purchased a 180-day $100 000 bank bill at a yield of 5% p.a. (simpleinterest) on 15 April 2016. She sold the bank bill on 6 June 2016 at yield of4.5% p.a. (simple interest).a. [2 marks] Draw a carefully labelled cash flow diagram (from Mary’sperspective) to represent the above financial transactions.b. [2 marks] What was her selling price?

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