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Unformatted text preview: ADM 2350 SECTIONS A, B, & C FINANCIAL MANAGEMENT Fall 2007 Assignment #1 Solutions GENERAL INSTRUCTIONS: This assignment is due at the beginning of the lab on Wednesday, September 19, 2007 for Section C and Friday, September 21, 2007 for Sections A & B. It is your responsibility to hand in your assignment directly to the tutor for lab associated with the section in which you are registered. Please do not hand in your assignment in the wrong lab or to the professor. This assignment counts 5% of your course grade. You are encouraged to work on this assignment in teams of up to 5 students from the same section of this course . However, you may turn in an individual assignment if you prefer. Each assignment must be typed and contain the student name(s) and student number(s) on each page. A statement of integrity must be attached to each assignment. Each individual whose name appears on the assignment must sign the statement of integrity. See page 8 of the course syllabus for the statement of integrity. 1. The Bow River Mutual Fund of Calgary has CAD10 million that it can invest in guaranteed investment certificates (GICs) at the Scotiabank for next month (30 days). Scotiabank is offering a 0.3% 30-day yield on these GICs. The Chief Investment Officer (CIO) Jean-Pierre Charette at 0....
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