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Question 3 of 4 A bank offers interest rates of 2.50% p.a. for 60-day GICs and 3.25% p.a. for 120-day GICS. Leonie was considering the

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Question 3 of 4 A bank offers interest rates of 2.50% p.a. for 60-day GICs and 3.25% p.a. for 120-day GICS. Leonie was considering the following two investment options at this bank: Option A: Invest an amount in a 120-day GIC. Option B: Invest an amount in a 60-day GIC then invest the maturity amount in a second 60-day GIC. What interest rate should be offered on the 60-day GIC, 60 days from now, for Leonie to earn the same amount of money from either option? What interest rate should be offered on the 60-day GIC, 60 days from now, for Leonie to earn the same amount of money from either option? % Round to two decimal places

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