Referring to the TMCC security we discussed a the very beginning of the chapter.

A) Based on the $24,099 price what rate was the TMCC paying to borrow the money?

B) Suppose that on March 28, 2016 this security%u2019s price is $39,583. If an investor had purchased it for $24,099 at the offering and solid it on this day what annual rate of return would she have earned?

C) If an investor has purchased the security at market on March 28, 2016 and held it until it matured, what annual rate of return would she have earned?

Please breakdown... Step by step.