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You decide to invest in 31 day Certificate of Deposit issued by BNP Paribas. Your broker quotes you a rate of 5.59% on $8,500,000.00. You

You decide to invest in 31 day Certificate of Deposit issued by BNP Paribas. Your broker quotes you a rate of 5.59% on $8,500,000.00. You purchase the paper for ____________________.

You earn interest of ____________________.

At maturity you will receive $ ____________________.

The money market yield is ____________________.

and the straight yield is ____________________.

(Please show work)

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