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3. ML ink has 8 billion invested in 90-day T-bills and 4 billion in 180-day commercial paper. A rumor about the collapse of a major
3. ML ink has 8 billion invested in 90-day T-bills and 4 billion in 180-day commercial paper. A rumor about the collapse of a major Money Center Bank causes a "flight to Quality". T-bills rates fall by 8 basis points and Commercial paper rates rise by 8 basis points. What is the gain or loss suffered by ML ink as a result of marketing to Market its portfolio of money market securities
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