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Jessica has borrowed $1,000,000 from MQ Bank for one year, if the interest rate is 5.08% p.a. simple interest. It turned that she made a

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Jessica has borrowed $1,000,000 from MQ Bank for one year, if the interest rate is 5.08% p.a. simple interest. It turned that she made a mistake and was told by the bank that her interest rate is actually 5.08% p.a. compound half yearly What is the extra amount that Jessica needs to prepare for the total repayment? Select one: O a. 645.16 O b. 0.00 O c. 53380.64 O d. 25400.00 Jason purchased a Treasury bond with a coupon rate of 4.08% and face value of $100. The maturity date of the bond is 15 April 2029. (a) If Yang purchased this bond on 11 April 2018, what is the purchase price (rounded to four decimal places)? Assume a yield rate of 4.72% p.a. compounded half-yearly. Select one: a. 94.5572 Ob. 94.5088 O c. 94.6997 d. 94.5068

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