Question: 2 0 - 1 1 . Callaway. Krugs issues $ 2 , 0 0 0 , 0 0 0 in commercial paper for 9 0

20-11. Callaway. Krugs issues $2,000,000 in commercial paper for 90 days at a3.8 percent discount yield. Calculate each of the following.a. Dollar amount of the discountb. Price of the commercial paperc. Effective annual interest rate on the commercial paper

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