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make sure not to round until the end 2) You decide to invest in $10,000,000.00 of Certificate of Deposit due in 111 days and quoted

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make sure not to round until the end
2) You decide to invest in $10,000,000.00 of Certificate of Deposit due in 111 days and quoted at 11.000%. You finance the investment with a repo at 10.500% over the same period. Your initial investment in the Certificate of Deposit is $ on which you earn interest of $ You pay interest of $ thereby making a profit of $ Was this a smart investment? (Yes/No)

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