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1 8 0 - day commercial paper can be bought at a 5 . 4 0 percent discount yield. What are the bond equivalent yield
day commercial paper can be bought at a percent discount yield. What are the bond equivalent yield BEY and the effective annual rate EAR on the commercial paper? Use days in a year. Do not round intermediate calculations. Round your answers to decimal places. eg
tableBond equivalent yield:,
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