where a=7 and b=3.

c) ABC Corporation wishes to raise money by selling a 90-day promissory note in the short-term money markets. The note promises to pay the holder $14,000,000 at maturity. If yields on similar risk notes are currently 2.8% p.a., how much money will ABC Corporation receive for the note? (5 marks) Answer: d) If the purchaser of the note holds it until maturity, what is the total amount of interest they will earn? (2 marks) Answer: e) For the purchaser in d), what will be the return on investment (ignoring taxes)? (2 marks) Answer: Focus 9:23 AM ENG