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A work cell at Chris Ellis Commercial Laundry has a workstation with two machines, and each unit produced at the station needs to be processed by both of the machines. (The same unit cannot be worked on by both machines simultaneously.)
Each machine has a production capacity of 4 units per hour. What is the throughput time of the work cell?
Suppose a 6-year swap with a notional principal of $10 million is being configured. What is the fixed rate of interest that will make the value of the swap equal to zero. (You should use the term structure of interest rates from Question 1.)
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