#1 (a) What is a typical Commercial Paper (definition, term, size, rating)? (b) What is a Commercial Paper with a Letter of Credit? #2 (a) What is a typical negotiable CD? (b) What is the interest rate relationship among T-Bill, Commercial Paper, and NCD rate? #3 (a) What is a typical Repurchase Agreement? (b) For a 36-day, $100 million repo loan, if payback $100.45 million, compute the repo rate. #4 competiti (a) A 90-day Treasury Bill has a (ask) discount rate at 4.3%, what is the purchase price of a $1000 DOY par value T-bill? (b) From (a), compute the return (bond equivalent yield) of this purchase. (c) After (a), 20 days later, you sold the T-bill at a new (bid) discount rate at 4.9%, compute the sell price. (d) From (a)'s buy price and (c)'s sell price, compute the realized actual (annualized) return on this investment.