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ULJCIUNI 12 -- / 10 You are offered a note that pays $600 in 12 months (or 365 days) for $550. You have $550 in

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ULJCIUNI 12 -- / 10 You are offered a note that pays $600 in 12 months (or 365 days) for $550. You have $550 in a bank that pays a 4.6 nominal rate, with 365 daily compounding. You plan to leave the money in the bank if you don't buy the note. The note is riskless. Should you buy it? Why? Note: There are three methods to answer this question. You may want to use the easiest method for you to answer the question. You need to show what method you use and numbers to support your answer. Note: To receive full credit, show numbers / formulas you used to get your answer(s)

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