Suppose Manuel purchases a 30-day commercial paper with a par value of $10,000,000 for a price...
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Suppose Manuel purchases a 30-day commercial paper with a par value of $10,000,000 for a price of $9,970,000. If Manuel holds the commercial paper until maturity, and you assume a 360 day year, then the annualized yield is: 3.36% 3.50% 3.61% 3.72% Suppose Manuel purchases a 30-day commercial paper with a par value of $10,000,000 for a price of $9,970,000. If Manuel holds the commercial paper until maturity, and you assume a 360 day year, then the annualized yield is: 3.36% 3.50% 3.61% 3.72%
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