Question: what is the discount yield, bond equivalent yield, and effective annual return on a $7 million commercial paper issue that currently sells at 97.50 percent
what is the discount yield, bond equivalent yield, and effective annual return on a $7 million commercial paper issue that currently sells at 97.50 percent of its face value and is 136 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 annal return
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