Question: What is the discount yield, bond equivalent yield, and effective annual return on a $3 million commercial paper issue that currently sells at 97.50 percent

 What is the discount yield, bond equivalent yield, and effective annual

What is the discount yield, bond equivalent yield, and effective annual return on a $3 million commercial paper issue that currently sells at 97.50 percent of its face value and is 145 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.g., 32.161)) Discount yield Bond equivalent yield Effective annual return

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