Question: What is the discount yield, bond equivalent yield, and effective annual return on a $ 3 million commercial paper issue that currently sells at 9
What is the discount yield, bond equivalent yield, and effective annual return on a $ million commercial paper issue that
currently sells at percent of its face value and is days from maturity? Use days for discount yield and
days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round
your percentage answers to decimal places. eg
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