Question: Notes to Balance Sheet: Munis are 2 - year 6 percent annual coupon municipal notes selling at par. Loans are floating rates, repriced quarterly. Spot

Notes to Balance Sheet:
Munis are 2-year 6 percent annual coupon municipal notes selling at par. Loans are floating rates, repriced quarterly. Spot discount yields for 91-day Treasury bills are 3.75 percent. CDs are 1-year pure discount certificates of deposit paying 4.75 percent.
Notes to Balance Sheet: Munis are 2 - year 6

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