Use a financial publication to find the going interest rates for the list of marketable securities in Table 7-3. Which security would you choose for a short-term investment? Why?

Table 7-3

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Minimum Yield Mar. Yield June 2014 Maturity" Amount Safety Marketability 1990 Investment Prime rate (best corporate customers)... Bank rate (Bank of Canada's rate to banks, dealers)... 14.25 3.00 13.38 1.25 3 m. LIBOR (London Interbank Offered Rate).. Commercial (corporate) paper. Bankers' acceptances. Provincial government Treasury bills. Federal government Treasury bills". Overnight repo....... Overnight financing rate (call money) . 100,000 Good Excellent 12.94 014 3 m. 100,000 Good Fair 13.33 1.18 3 m. 25,000 Good Good 13.27 1.20 3 m. 25,000 1.01 Excellent Excellent 13.18 0.93 3 m. 1,000 Excellent Excellent 13.13 100,000 Excellent Excellent day day 1.0149 100,000 Excellent Excellent 0.9985 .... Open Excellent None 10.15 1.00 Money market deposits. 500 Term deposits and GICS. 90 5,000 Good 12.75 1.35 None Excellent None Savings accounts (minimums). Open None 8.75 0.00-1.85