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15. (10 points) You are offered a note that pays $900 in 12 months (or 365 days) for $750. You have $750 in a bank
15. (10 points) You are offered a note that pays $900 in 12 months (or 365 days) for $750. You have $750 in a bank that pays a 6.5 nominal rate, with 365 daily compounding. You plan to leave the money in the bank if you don't buy the note. The note is riskless. Should you buy it? Why
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