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February has 28 days, and you are offered two $500,000 one-month bonds for February: Bond A pays a yield of 7% on an actual/365 basis,
February has 28 days, and you are offered two $500,000 one-month bonds for February: Bond A pays a yield of 7% on an actual/365 basis, and Bond B pays 6.5% on a 30/360 basis. Which bond offers a higher return? (Show all calculations)
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