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6) You decide to invest in 21 day Certificate of Deposit issued by Citigroup. Your broker quotes you a rate of 7.35% on $9,000,000.00. You
6) You decide to invest in 21 day Certificate of Deposit issued by Citigroup. Your broker quotes you a rate of 7.35% on $9,000,000.00. You purchase the paper for $ You earn interest of $ At maturity you will receive $ The money market yield is and the straight yield is % %
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