1. A firm buys T-Bills in the secondary market whose faca value is 1000000 today by paying \\( 967000 \\mathrm{TL} \\). What is the annual return in that case if the T-Bill's maturity is after 65 days? 2. A customer wants to buy a motorcycle whose price is \\( \\$ 25000 \\) by writing a check payable after 3 months. The cost of producing a motorcycle is \\( \\$ 20 \\) 000 and the annual interest rate is \20. If the firm thinks that the probability of the check's payment is 0.8 ; will the firm accept to sell this motorcycle by extending trade credit (accepting the check) to the customer? 3. Calculate the annualized cost of the following trade credit terms when payment is made on the net due date (assume a 365-day year) (a) \\( 2 / 15 \\) net 30 (b) \\( 3 / 15 \\) net 30 (c) \\( 3 / 15 \\) net 60 (d) \\( 2 / 10 \\) net 60 4. Let us consider a customer who wants to buy an item produced by us. Let us suppose that the selling price of the product is \\( \\$ 1,420 \\). The production cost of that item is \\( \\$ 1,120 \\). The customer wants to buy that item by writing a check which is due after five months (he/she wants to pay after five months). Should we extend the trade credit or not given the annual interest rate is \17