Question: 1 Problem 5-2 (LG 5-1) 10 points What is the discount yield, bond equivalent yield, and effective annual return on a $3 million commercial paper
1 Problem 5-2 (LG 5-1) 10 points What is the discount yield, bond equivalent yield, and effective annual return on a $3 million commercial paper issue that currently sells at 9775 percent of its face value and is 129 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.9, 32,161)) 8 045351 V Book Discount yield Bond equivalent yield Effective annual retum 96 Prime References
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