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Question 6 [5 points] Rebecka purchased a short-term $11,000, 150-day GIC which will earn 1.25% interest annually. When the GIC matures, the maturity value is

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Question 6 [5 points] Rebecka purchased a short-term $11,000, 150-day GIC which will earn 1.25% interest annually. When the GIC matures, the maturity value is rolled into another short-term 90- day GIC which will earn 2.75% interest annually. What is the maturity value of the second GIC? For full marks your answer(s) should be rounded to the nearest cent. Maturity value = $ 0.00 Question 7 [5 points] Cody bought a 120-day, $110,000 face value commercial paper on its date of issue when yields were 0.98%. He sold it 66 days later when yields were 1.28%. What was his gain on the investment? For full marks your answer(s) should be rounded to the nearest cent. Gain = $ 0.00

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