Assume that you have $20,201 to invest in a term deposit, and there are three options for your choice as follow: (1) A 90-day deposit that has a maturity value of $21,538 (2) A 130-day deposit that has a maturity value of $21,800 (3) A 145-day deposit that has a maturity value of $21,958 Required: a) Calculate the implied investment yield (percentage per annum) you can earn with each option. (6 marks) ANSWER a): Answer box will enlarge as you type b) Which of the three options would you select if the selection strategy is dependent on the higher yield (percentage per annum)? (1 mark) ANSWER b): Assume that you have $20,201 to invest in a term deposit, and there are three options for your choice as follow: (1) A 90-day deposit that has a maturity value of $21,538 (2) A 130-day deposit that has a maturity value of $21,800 (3) A 145-day deposit that has a maturity value of $21,958 Required: a) Calculate the implied investment yield (percentage per annum) you can earn with each option. (6 marks) ANSWER a): Answer box will enlarge as you type b) Which of the three options would you select if the selection strategy is dependent on the higher yield (percentage per annum)? (1 mark) ANSWER b)