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5) You decide to invest in $1,500,000.00 of Bankers Acceptance due in 70 days and quoted at 2.250%. You finance the investment with a repo

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5) You decide to invest in $1,500,000.00 of Bankers Acceptance due in 70 days and quoted at 2.250%. You finance the investment with a repo at 1.250% 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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