1. Jennifer, an individual, wants to invest $25,000 in a money market security with 6 month maturity, no state income tax on the interest.Which money market security should she buy?

2. Peter wants to invest a very large amount of money in a money market security for 270 days.He is not concerned about taxes or risk and wants to maximize his yield.Which security should he buy?

3. A unit of commercial paper has face value = $1,000,000, 110 days remaining to maturity, and yields 2.73%. What is the price of this unit of commercial paper?

4. You have a $10,000 T-bill that matures in 170 days. If the bills price = $9,946.90. What is the T-bonds yield?

5. A firm enters a repurchase agreement in which securities are sold for $5,000,000.The firm agrees to repurchase the securities in three days for $5,000,847. What is the yield on the repurchase agreement?

6. A unit of commercial paper has 200 days remaining to maturity and face value = $1 million. Today the price of the unit = $986,301. What is the yield on the commercial paper?

7. A negotiable CD has face value = $1,500,000 and will pay $1,555,050 at maturity in 180 days. What is the yield on the CD?

8. The EZ-Go Insurance company enters a 12-day repurchase agreement in which it agrees to repurchase securities for $1.3 million. If the yield = 4.21%, what was the sale value of the securities?