II (1) A 90-day commercial paper with face value $1,000,000 was sold by GE corporation at annual discount rate of 2.5% on February 8, 2022. If you purchase it on February 8, how much was the purchase price? (2) If you hold the commercial paper until maturity, how much will you receive from GE Corporation on maturity date? How much is your effective annual interest? rate? (3) If annual discount rate rises to 3%, 30 days later (on March 10, 2022), how much can you sell the commercial paper on that day? How much is the effective? annual interest rate you earned from holding the commercial paper for 30 days? Will you be better off to sell the commercial paper on that day or hold it until? maturity? Why? (25 points)