Ques 1. As part of your financial plan for retirement, you purchased a 270-day $25,000 commercial paper on its date of issue, July 14, when market yields were 2.94%. 234 days later, you sold the note when market yields were 2.76%. What rate of return did you realize on your investment?

Ques 2. An investor purchased a promissory note on June 15 for $27,329.96 using a negotiated interest rate of 10.5%. The promissory note had been issued on April 2 for a term of eight months at an interest rate of 9.25%. Calculate the original face value of the promissory note.