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[18 Points] Consider the following information: where the interest rates are annual yields on U.S. or U.K. bills. Given this information: a. [6 Points] Where

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[18 Points] Consider the following information: where the interest rates are annual yields on U.S. or U.K. bills. Given this information: a. [6 Points] Where would you lend? b. [6 Points] Where would you borrow? c. [6 Points] How could you arbitrage

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