Question: Hello, I do need to make this clear before I take the next chapter, please help me as soon as possible. Because I don't have

Hello, I do need to make this clear before I take the next chapter, please help me as soon as possible.

Because I don't have much time before I go to work,, I only have about 1.5 hour so don't leave and help me

I'd appreciate it if you write down a short explanation or a formula used.

I can't read hand-written letters, hope you can type it.

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1) Whatpriceper$100,000offacevaluewouldafundmanagerbepreparedto paytopurchase30-dayTreasurynotesifthecurrentyieldonthese instrumentswas3%perannum?Showyourwork.

2) Acommercialbillwithafacevalueof$10,000and270daystomaturityis purchasedwithayieldtomaturityof5.75percentperannum.Afterthebill

hasbeenheldfor100daysitissoldatayieldof4.35percentperannum.

Whatrateofreturnwasearnedbytheoriginalholderofthebill;thatis,whatis theholdingperiodyield?Showyourwork.

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