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this is the question, no any information. Question 5 (14 marks) a. Sarah has bought a commercial paper issued by ANT Corporation for $982,000. The

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this is the question, no any information.

Question 5 (14 marks) a. Sarah has bought a commercial paper issued by ANT Corporation for $982,000. The paper has a face value of $1,000,000 and is 90 -days from maturity. Calculate the 'annualized yield' and the 'discount yield' on the commercial paper. Show all the calculations. 6marks b. Beeston Bank has issued a certificate of deposit, with a face value of $5,000,000 at an annualized yield of 9%, which is 272-days from maturity. Calculate the price paid by the investors for the certificate of deposit issued by Beeston Bank. Show all the calculations. 3marks c. Explain why most money market securities provide low rate of return. Cite an example to support your illustration. 5 marks

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