Texas Instruments issued a 90-day commercial paper with a face value of $200,000 when the market interest rate was 2.9%. a) What price would you pay to purchase the commercial paper on the issue date? Round to the nearest cent. (1 mark) b) You decided to sell the commercial paper after holding it for 30 days. Calculate the proceeds of the sale if the prevailing interest rate at the time had risen to 3.1%. Round to the nearest cent. (2 marks) c) What holding period rate of return would you realize in part

b? Round percentage to two decimal places.