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HELP!!! 8. 6 Marks Which of the following is the total interest income for the year on $1,000,000 principal deposited 6 months (spot 6mo=181 days)

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8. 6 Marks Which of the following is the total interest income for the year on $1,000,000 principal deposited 6 months (spot 6mo=181 days) at 4% act /360, with principal + interest rolled over at 4.2%Act/360 for the next 6 months (6mo12mo=184 days ) ? Show how you get this answer on page 10. A. $41,414.28 B. $41,577.78 C. $41,995.28 D. $42,009.50 9. 5 Marks Which of the following ways can you find the per annum equivalent for a given observation period of SOFR? A. Start with $1 of principal and accrue interest using the reported SOFRs corresponding to each day of the period using compounding, as explained by the NY Federal Reserve Bank's publication. Then use the resulting principal and interest amounts to calculate the actual/360 per annum equivalent. B. Take the ratio of the NY Federal Reserve Bank's SOFR Index figures corresponding to the accrual period's ending and beginning dates to imply the period's accrual, and then subtract 1 and adjust it to Act/360. C. Answers A and B are correct D. Answers A and B are incorrect

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