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 $3 million commercial paper issue that
currently sells at 97.75 percent of its face value and is 142 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 percentage answers to 3 decimal places. (e.g.,32.161))
 What is the discount yield, bond equivalent yield, and effective annual

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