Commonwealth Bank agrees to establish a two-year bill facility using 90-day bank bills.The face value of the facility is $10 million, and the issuer is charged an acceptance fee of 50 basis points.Calculate the net cash flows, from the issuer's perspective, occurring under the bill facility over the first 180 days.(The first parcel is issued at a market yield of 4.80% p.a., the second at 4.65% and the third at 5.00%.)

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The Answer of Commonwealth Bank agrees to establish a two-year bill facility using 90-day bank bills.The face value of the facility is $10 million, and the issuer is charged an acceptance fee of 50 basis points.Calculate the net cash flows, from the issuer's perspective, occurring under the bill facility over the first 180 days.(The first parcel is issued at a market yield of 4.80% p.a., the second at 4.65% and the third at 5.00%.)

Commonwealth Bank Agrees to Establish a Two-Year Bill Facility Using