A Bank Agrees to Accept 90-Day Bills on Behalf of a Company

A bank agrees to accept 90-day bills on behalf of a company for a fee of 120 basis points.If the face value is $5 million and the yield at issue 5.6% p.a.then:

A) an investor who buys the bills and holds them to maturity will earn 6.8% p.a.
B) the borrower receives $4 917 546.89
C) the bank earns fees of $60 000
D) if yields increase in 30 days' time so will the borrower's cost of funds
E) More than one of these is correct.