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8. You lend $10 million for two months beginning today; Sept 4, at 1.1%. a) What are your proceeds? b) What would the rate need

8. You lend $10 million for two months beginning today; Sept 4, at 1.1%. a) What are your proceeds? b) What would the rate need to be to achieve the same proceeds if the day-count convention would be actual/365 rather than actual/360?

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