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2) You decide to invest in $2,750,000.00 of Bankers Acceptance due in 170 days and quoted at 10.000%. You finance the investment with a repo
2) You decide to invest in $2,750,000.00 of Bankers Acceptance due in 170 days and quoted at 10.000%. You finance the investment with a repo at 9.250% over the same period. Your initial investment in the Bankers Acceptance is $ on which you earn interest of $ You pay interest of $ thereby making a profit of $ Was this a smart investment? (Yes/No)
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