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Wynn purchased a short-term $18,000,60-day GIC which will earn 2.75% interest annually. When the GIC matures, the maturity value is rolled into another short-term 160
Wynn purchased a short-term $18,000,60-day GIC which will earn 2.75% interest annually. When the GIC matures, the maturity value is rolled into another short-term 160 -day GIC which will earn 2.50% interest annually. What is the maturty value of the second GiC? for full marks your answer(s) should be rounded to the nearest cent Question 7 [5 points] Alan bought a 90-day, $84,000 face value commercial paper on its date of issue when yields were 1.38%. He sold it 33 days tater when yields were 1.55%. What was his gain on the investment? For full marks your answer(s) should be rounded to the nearest cont
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