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6. A money market fund has $20 billion invested in 90-day t-bills and $10 billion in 180-day Commercial paper. A crisis hits the money market
6. A money market fund has $20 billion invested in 90-day t-bills and $10 billion in 180-day Commercial paper. A crisis hits the money market resulting in an immediate fall in T-bill rates of 10 basis points and a rise of 10 basis points in Commercial Paper, what is the gain or loss in the portfolio if it is marked to market after the change in rates?
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